World Bank approves $600 Mn for India's power systems
Washington: The World Bank has approved a $600 million loan to the Power Grid Corporation of India to strengthen the country's electricity transmission system and increase reliable power exchange between regions and states.
Announcing the loan backed by a government of India guarantee, the bank said Tuesday the Fourth Power System Development Project (PSDP IV) aims to reduce transmission losses and cut the cost of energy through further investments in transmission systems.
It will also contribute to the clean energy initiative through both the ability to transfer surplus hydro energy to power deficit regions in India and relieve some of the pressure to build generation facilities, particularly in and around the major load growth centres.
The project will finance the strengthening of five transmission schemes:
East-West Transmission Corridor, Western Region System Strengthening Scheme II, Eastern Region System Strengthening Scheme I, Balia-Bhiwadi HVDC Bipole System, and North-West Transmission Corridor.
The loan, from the International Bank for Reconstruction and Development (IBRD), has a 20-year maturity, which includes a 5-year grace period.
IANS
Reader’s comments
Comment 1: hi dear Sr pliz help mee i don't have anythik but i want do sume like wrok
Posted by : rajaa - Wednesday, March 19, 2008
Posted by : rajaa - Wednesday, March 19, 2008
Today’s top news
'Amartya Sen, Zakaria among world's top 20 intellectuals'
Two Indians now settled in the US - Nobel Prize-winning economist Amartya Sen and acclaimed journalist Fareed Zakaria - are among the top 20 intellectuals in the world to...
Liberated Indian women scavengers walk the ramp at UN
It was a proud and unthinkable moment for about two score women scavengers from remote parts of India who staged a catwalk with prominent fashion models in front of the r...
Dasmunsi tells coach, state associations: 'work more, talk less'
Upset at the verbal exchanges between Indian football coach Bob Houghton and state football associations, All India Football Federation chief Priya Ranjan Dasmunsi Friday...
A.K. Antony a bit of a miser, suggests book
He is widely known for his simplicity, but India's Defence Minister A.K. Antony is also a bit of a miser and a stickler for rules, suggests a book of funny anecdotes penn...
Audience welcome 'Jaane Tu...', cold shoulder 'Love Story 2050'
Young college drama "Jaane Tu... Ya Jaane Na" left sci-fi thriller "Love Story 2050" far behind on the first day of the release Friday.
Innovative scheme offers hope to Muslim girls
Shagufta Khatoon and Nagma Haque, both in their early 20s and school dropouts from poor Muslim families, see a new ray of hope in 'Hunar' (skill), an innovative scheme fo...
Shah Rukh is too old for 'Kismet Konnection': Aziz Mirza
Aziz Mirza's "Kismet Konnection" does not star Shah Rukh Khan, the leading man of his previous films, because the director feels he is now too old to play young roles.
I don't mind glamorous roles after marriage: Jyothirmayee
Tamil film star Jyothirmayee, lauded for her performance in 'Periyar', has defied the popular notion that married actresses cannot be accepted in glamorous roles.
'Pregnant man' gives birth to baby girl: Report
A transsexual who became known as the "pregnant man" has given birth to a baby girl, US broadcaster ABC News has reported.
From child labourer to representing India globally
Abducted and sold at a young age to work at a construction site, 13-year-old Rakesh never thought he would one day represent India at an international event.