The project will strengthen system infrastructure and provide 24×7 power, says Mukherjee
The Asian Development Bank (ADB) is providing a US$200 million loan to improve the quality, efficiency and reliability of power supply in Uttarakhand.
“The project will enhance the power system network’s capabilities, facilitating the seamless integration and transmission of renewable energy to load centres,” said Hoe Yun Jeong, Deputy Country Director and Officer-in-Charge of ADB’s India Resident Mission, who signed the loan on 13 Dec 2023 for ADB.
“Simultaneously, it involves upgrading the distribution system to minimize power outages and reduce technical losses,” he said.
“The ADB funding for the project will strengthen power system infrastructure and help Uttarakhand in achieving its goal of providing 24×7 power to its residents,” said Juhi Mukherjee, Joint Secretary, Department of Economic Affairs, and the loan signatory on behalf of the Indian Government.
The loan is for Uttarakhand Climate Resilient Power System Development Project which will modernise Dehradun city’s power network infrastructure by introducing an advanced and climate-resilient underground cable system comprising 537-km subterranean cables, 354 ring main units, and 99 compact substations.
Additionally, it will enhance the current power system by installing upstream substations and their associated power lines that will help meet increasing electricity demand, reduce network congestion, and improve power distribution reliability in urban and suburban areas.
The project will empower women self-help groups in rural hilly districts, providing them with access to renewable energy sources and energy-efficient equipment to enhance their livelihoods, said the Finance Ministry following the loan agreement signing.
ADB will facilitate training programs for communities, focusing on energy conservation and business management skills, while also conducting awareness and educational activities in schools to promote opportunities for employment in the energy sector, it added.
The project will involve nongovernmental organizations in implementing and monitoring the livelihood activities.
The Japan Fund for Prosperous and Resilient Asia and the Pacific, financed by the Government of Japan through ADB, will provide a US$2 million grant to support livelihood enhancement, training, and awareness-raising activities of the project, said the Ministry.
ADB will support the capacity development of the Power Transmission Corporation of Uttarakhand Limited and the Uttarakhand Power Corporation Limited by conducting leadership courses and project management programs to develop climate-resilient power sector projects. It will also collaborate with the Energy Department to formulate an energy transition road map to support Uttarakhand’s low-carbon transition. Fiinews.com
