WASHINGTON, Sept 15 (PTI):The World Bank has approved a USD 400 million loan for the development of a hydropower plant in Himachal Pradesh.
The loan is to be provided to state-owned power company Satluj Jal Vidyut Nigam Limited (SJVN) for developing the plant on the Satluj river which will provide renewable, low carbon energy to the Northern Electricity Grid.
"The 412 MegaWatt Rampur Hydropower Project supports the government of India's plan to develop hydropower to help meet the country's energy needs and thus provide all its citizens with access to electricity," the Bank said in a statement.
The plant is expected to generate about 1,770 million units of electricity each year, enough to electrify a million household.
WB approves $400m loan for Himachal power plant
FE Team | Published: September 16, 2007 00:00:00 | Updated: February 01, 2018 00:00:00
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