ADB to provide $231 million loan to enhance power generating capacity in Assam

• 3 years ago (2021-01-01)
• David Flin

Asia 892 Hydropower 131

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The Asian Development Bank (ADB) will provide a $231 million loan to build a 120 MW hydropower plant in Assam. ADB and the Indian Government signed the loan agreement on December 30, 2020.

ADB said that the proposed hydropower project is a run-of-river construction over Kopili River, which will increase electricity supplied from non-CO2 emitting sources by 469 GWh by 2025 and reduce CO2 emissions by 360,000 tonnes of CO2 annually. It said: “Part of the loan will be used for project capacity build of Assam Power Generation Corporation Limited (APGCL) on construction, O&M, and safeguards.”

The Japan Fund for Poverty Reduction (JFPR) is contributing a $2 million grant to the project to finance equipment and consulting services to improve capacity for resource management and community resilience.