Press Information Bureau
Government of India
Ministry of Power
07-December-2011 17:02 IST
ADB Loan to PGCIL for Upgrading National Grid
Power Grid Corporation of India Ltd. (PGCIL) is in the process of finalizing a US$ 750 million loan from Asian Development Bank (ADB) for financing its transmission project namely “Establishment of High Voltage Direct Current (HVDC) inter-regional transmission system between the Northern (Haryana) and Western (Chhattisgarh) region”.

Out of total US$ 750 million, loan amount of US$ 500 million shall be availed through Government of India guarantee. The loan amounting to US$ 250 million shall be on commercial terms and conditions without Sovereign Guarantee by the Government.

The above inter-regional transmission system is planned to be implemented by PGCIL as a part of the comprehensive transmission scheme for transfer of power from Independent Power Producers’ (IPP) generation projects coming up in Chhattisgarh to different regions viz. Western and Northern Region.

The constituent States of Western and Northern regions are the beneficiaries of the project.

This information was given by the Minister of State for Power Shri K. C. Venugopal in a written reply to a question in Rajya Sabha today.