Home Featured PGCIL Seeks US$ 1,000 Million Loan for Green Energy Corridor From ADB
PGCIL Seeks US$ 1,000 Million Loan for Green Energy Corridor From ADB

PGCIL Seeks US$ 1,000 Million Loan for Green Energy Corridor From ADB

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Power Grid Corporation of India Limited (PGCIL) has sought a loan assistance of US$ 1,000 million from the Asian Development Bank (ADB) comprising of Sovereign guaranteed loan of US$ 500 million and Non-Sovereign loan of US$ 500 million. This was stated by Shri Piyush Goyal, Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, in a written reply to a question in Lok Sabha today.

The Minister further informed that the Loan would be utilized for funding of the following transmission projects including a project under Green Energy Corridor projects in next 3-4 years:

(i) HVDC Bipole link between Western Region (Raigarh, Chhattisgarh) and Southern Region (Pugalur, Tamil Nadu) – North Trichur (Kerala) – Scheme 1: Raigarh-Pugalur 6000 MW HVDC System.

(ii) HVDC Bipole link between Western Region (Raigarh, Chhattisgarh) and Southern Region (Pugalur, Tamil Nadu) – North Trichur (Kerala)- Scheme 3: Pugalur- Trichur 2000 MW VSC based HVDC System.

(iii) Real Time Measurement/ monitoring scheme.

(iv) Inter State Transmission System (ISTS) associated with Green Energy Corridor as under:

a) Ajmer(New) – Bikaner (New) 765 kV D/c
b) Bikaner(New) – Moga (PG) 765 kV D/c
c) LILO of one circuit of 400kV Bhadla- Bikaner (RVPN) line at Bikaner(New)
d) Establishment of 2×1500 MVA, 765/400 kV S/s at Bikaner (New)

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Anand Gupta Editor - EQ Int'l Media Network

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