GUWAHATI: The Asian Development Bank (ADB) and the Government of India has signed a 231 million dollar loan to augment electricity generation capacity in Assam through the construction of 120 megawatts (MW) hydroelectric power plant that will strengthen the availability of electricity for households.
This is the third tranche loan for the ongoing Assam Power Sector Investment Programme that used to be approved by the ADB Board in July 2014.
The programme, including its two preceding tranches, makes a speciality of enhancing the capacity and efficiency of the energy generation and distribution systems in Assam to enhance electricity service to end-users.
CS Mohapatra, extra secretary, branch of economic matters in the finance ministry stated that the project will add to Assam’s power generation capacity from clean hydroelectric sources and enhance electricity availability.
The proposed hydroelectric project is a run-of-the-river project over the Kopili river which will help increase electricity supplied from clean energy by 469 gigawatt-hour (GWh) by 2025 and minimize greenhouse gas emissions by 360,000 tons of carbon dioxide yearly.
A part of the loan will be used for project capacity building of Assam Power Generation Corporation Limited (APGCL) on construction, operations and maintenance and safeguards.
The project will finance APGCL’s enterprise resource planning system. It is going to also contribute to bettering gender fairness by enhancing the gender capacity of APGCL and enhance women’s participation and contribution in training and community-led interventions.
A $2 million grant from the Japan fund for poverty discount (JFPR) may be associated with the project to finance equipment and consulting products and services to enhance capacity for resource management and community resilience.[ad_2]