THE World Bank today signed a USD 648 million loan agreement with THDC
India Ltd (THDC) to build the Vishnugad Pipalkoti Hydro Electric Project on the
Alaknanda River in Uttarakhand, which is expected to generate an estimated 1,665
million kilowatt-hours of electricity each year to help relieve India’s chronic
power shortage.
The
444 Megawatt Vishnugad Pipalkoti Project will provide a valuable addition of
peaking power to India’s Northern Grid, which faces severe power shortages at
high-consumption times. The electricity generated from the Project will be
supplied to the states of Punjab, Haryana, Rajasthan, Uttar Pradesh, Himachal
Pradesh, Uttarakhand, Chandigarh, Delhi and Jammu & Kashmir. The Project
will also help reduce India’s greenhouse gas emissions by 1.6 million tons each
year, compared to a thermal plant of the same capacity.
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