ADB Approves $231 Mn Loan to Increase Clean Energy Supply in Assam
- The Asian Development Bank (ADB) has actually authorized a $231 million lending to create the Lower Kopili Hydroelectric Power (LKHEP) plant in Central Assam, India.
This financing is the 3rd as well as biggest tranche of the $300 million Assam Power Sector Investment Program authorized by ADB in 2014. The project has thus far upgraded the 70-megawatt (MW) Lakwa gas project and also enhanced circulation networks in the state.
The LKHEP plant will double the hydropower generation capability of the Assam Power Generation Corporation. It will certainly harness water from the Kopili River to produce a complete capability of 120 MW of electrical power, particularly throughout peak need durations.
" This project will generate clean energy and help address the expanding demand for electrical energy in the state of Assam. It will certainly likewise help state power business reduce their dependence on costly electricity from fossil fuel resources," stated ADB Principal Energy Specialist Len George. "Providing dependable power supply will promote economic development, develop employment possibility, and attract financial investments."
The project will also fund APGCL's business resource preparation system and will support execution of steps to enhance economic monitoring. It will certainly additionally prepare for special measures to minimize level of acidity problems in the Kopili river on the project. Along with the loan, a $2 million project grant from ADB's Japan Fund for Poverty Reduction will certainly finance community-based catastrophe strength efforts and also source administration.
ADB is committed to accomplishing a prosperous, inclusive, durable, and also lasting Asia and the Pacific, while maintaining its efforts to remove extreme hardship. Established in 1966, it is had by 68 members-- 49 from the area.
