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Uttarakhand signs loan agreement with ADB for hydropower

Thursday, 06 Jun 2013
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The Uttarakhand Government has signed a loan agreement with Asian Development Bank (ADB) for hydropower development.

As per the agreement, ADB will provide a $150 million (approx Rs 846.3 crore) loan to the state. This is the fourth tranche of the loan under the Uttarakhand Power Sector Investment Programme.

The state government will utilise this fund to develop infrastructure for a new 400 kV substation at Pipalkoti, and a transmission line from Srinagar to Kashipur at 400 kV level in Uttarakhand. The project is expected to supply upto 2,500 MW of hydropower from Uttarakhand to Northern India grid.

Currently, in Pipalkoti, THDC is executing a 444 MW (4x111 MW) Vishnugad Pipalkoti hydro electric project at Chamoli district of Uttaranchal. The project is estimated to cost Rs 2,491.58 crore. 


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