Loan Agreement with World Bank
As per census 2001, the total number of rural households were 13,82,71,559. Out of these, 6,01,80,685 (43.52 %) rural households were electrified in the country. The balance 7,80,90,874 rural households did not have electricity.
The Government of India launched ‘Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) – Programme for creation of Rural Electricity Infrastructure & Household Electrification, in April 2005 for providing access toelectricityto ruralhouseholds. As on 31.03.2012, access to electricity has been created in 1,04,496 un/de-electrified villages and intensive electrification of 2,48,553 partially electrified villages for electrification of rural households. Further, electricity connections to 1.94 crore BPL households have been released under RGGVY as on 31.03.2012.
POWERGRID has signed loan agreement with the World Bank for Power System Development Project. Presently, following three loans are ongoing, i.e. disbursements being availed:
(i) Power System Development Project-IV (No. 4890-IN) - Loan amount: USD 600 million, loan signed on 28th March 2008;
(ii) Additional Financing for Power System Development Project-IV (No. 7593-IN) - Loan amount: USD 400 million, loan signed on 27th January 2009; and
(iii) Power System Development Project-V (No. 7787-IN) - Loan amount: USD 1000 million, loan signed on 13th October 2009.
Major projects being funded by the above loans are:
· ±500kV, 2500MW Balia - Bhiwadi HVDC Bipole System.
· East-West Transmission Corridor Strengthening Scheme.
· North-West Transmission Corridor Strengthening Scheme.
· Western Region System Strengthening Scheme-II.
· Eastern Region System Strengthening Scheme-I.
· System Strengthening–XIII in Southern Regional Grid.
· Northern Region System Strengthening Scheme- XXIV.
· System Strengthening–XVII in Southern Regional Grid.
· System Strengthening in Western Region for Sasan UMPP.
· System Strengthening in Western Region for Mundra UMPP.
· System Strengthening in Northern Region for Sasan and Mundra UMPP.
· System Strengthening in Southern and Western Region for Krishnapatnam UMPP.
· Northern Region System Strengthening Scheme-XXV.
· Northern Region System Strengthening Scheme-XXVI.
Thus, these loans shall facilitate strengthening of the power transmission network across the country including inter-regional link and evacuation of power from Ultra Mega Power Projects like Sasan, Mundra and Krishnapatnam.
Apart from the projects already sanctioned, remaining households could be covered for electrification in 12th Plan depending upon the continuation of the scheme in 12th Plan.
This information was given by the Minister of State for Power Shri K.C.Venugopal in a written reply to a question in Lok Sabha today.
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