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

Power Grid Corporation of India Limited (PGCIL) has sought a loan of US$ 1,000 million for green energy corridor from the Asian Development Bank (ADB). The USD 1,000 million loan comprises Sovereign guaranteed loan of US$ 500 million and Non-Sovereign loan of US$ 500 million said Piyush Goyal, Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines in Lok Sabha on Thursday.

The Loan would be utilized for funding a project under Green Energy Corridor projects in next 3-4 years and transmission of following projects:-

(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 2×1500 MVA, 765/400 kV S/s at Bikaner (New)