Quick Summary
The Asian Development Bank (ADB) and the Government of India on 30thDecember 2020 signed a $ 231 million loan to augment electricity generation capacity in the state of Assam through construction of a 120 megawatts (MW) hydroelectric power plant that will enhance availability of electricity for hous
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FAQ :
The loan agreement is for $231 million, which is approximately £170 million.
The loan will be used to augment electricity generation capacity by constructing a 120 MW hydroelectric power plant, enhancing the efficiency of energy generation and distribution systems, and supporting capacity building for the Assam Power Generation Corporation Limited (APGCL).
It is a run-of-the-river hydroelectric project located over the Kopili river.
The project is expected to increase electricity supplied from clean energy by 469 GWh by 2025 and reduce greenhouse gas emissions by 360,000 tons of carbon dioxide annually.
Yes, part of the loan will be used for project capacity building of APGCL, including its construction, operations, maintenance, and safeguards, as well as financing its enterprise resource planning system.
Yes, there is a $2 million grant from the Japan Fund for Poverty Reduction (JFPR) to finance equipment and consulting services for resource management and community resilience.
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