Indian Power Plant Project Gets World Bank Funding

Power lines stretch over a rice field in rural India. Photo by: Michael Foley / CC BY-NC-ND

The World Bank aims to help address India’s chronic power shortage with a $648 million loan for the construction of a hydropower plant on the country’s Alaknanda River.

The 444-megawatt Vishnugad Pipalkoti Hydroelectric Plant is expected to generate an additional 1.65 billion kilowatt-hours of electricity annually for India’s northern states as well as help reduce the country’s greenhouse gas emissions by up to 1.6 million tons every year.

The loan, which will be drawn from the International Bank for Reconstruction and Development, will be provided to THDC India Ltd., which is in charge of the construction of the power plant. As part of this project, the company will build a 65-meter diversion dam to create a small reservoir in Alaknanda River, the World Bank said in a June 30 news release.

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.