India signs deal with World Bank

• 14 years ago (2009-12-24)
• David Flin

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It has been reported that the Indian Government has signed an agreement with the World Bank for a Coal-Fired Generation Rehabilitation Project. The total cost of the project will be $303.4 million, of which $180 million will be an IBRD loan and $45.4 million will be a Global Environment Facility Grant.

The objective of the project is to improve the energy efficiency of selected coal-fired power generation units through renovation and modernisation and improved operations and maintenance. A significant side benefit of the project is the reduction in greenhouse gases per unit of electricity generated.

The project consists of two components. The first is the renovation and modernisation of 640MW of old coal-fired generation, specifically: Unit 5, Bandel Thermal Power Plant of West Bengal Power Development Corporation Limited (210MW); Unit 6, Koradi Thermal Power Plant of the Maharashtra State Power Generation Company Limited (210MW); and Units 3 and 4, Panipat Thermal Power Plant of the Haryana Power Generation Corporation Limited (110MW each).

The second component is the provision of technical support to the above utilities and to the Central Electricity Authority to implement energy efficiency renovation and modernisation pilot projects, to develop a pipeline of energy efficiency interventions.

The project is due to be completed by November 2014.