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PGCIL Seeks US$ 1,000 Million Loan for Green Energy Corridor From ADB

INVC NEWS New Delhi,
Power Grid Corporation of India Limited (PGCIL) has sought a loan assistance of US$ 1,000 million from the Asian Development Bank (ADB) comprising of Sovereign guaranteed loan of US$ 500 million and Non-Sovereign loan of US$ 500 million. This was stated by Shri Piyush Goyal, Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, in a written reply to a question in Lok Sabha today. The Minister further informed that the Loan would be utilized for funding of the following transmission projects including a project under Green Energy Corridor projects in next 3-4 years: (i)        HVDC Bipole link between Western Region (Raigarh, Chhattisgarh) and Southern Region (Pugalur, Tamil Nadu) - North Trichur (Kerala) - Scheme 1: Raigarh-Pugalur 6000 MW HVDC System. (ii)      HVDC Bipole link between Western Region (Raigarh, Chhattisgarh) and Southern Region (Pugalur, Tamil Nadu) - North Trichur (Kerala)- Scheme 3: Pugalur- Trichur 2000 MW VSC based HVDC System. (iii)    Real Time Measurement/ monitoring scheme. (iv)    Inter State Transmission System (ISTS) associated with Green Energy Corridor as under: a)         Ajmer(New) – Bikaner (New) 765 kV D/c b)         Bikaner(New) – Moga (PG) 765 kV D/c c)         LILO of one circuit of 400kV Bhadla- Bikaner (RVPN) line at Bikaner(New) d)        Establishment of 2x1500 MVA, 765/400 kV S/s at Bikaner (New)

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