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ADB Provides Funds to Strengthen Power Connectivity in Tamil Nadu

Power News - Published on Mon, 11 Nov 2019

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The Asian Development Bank has approved a USD 451 million loan to strengthen power connectivity between the southern and northern parts of the Chennai Kanyakumari Industrial Corridor in Tamil Nadu in India. The project will establish an extra-high voltage 765-kilovolt transmission link to transfer the 9,000 MW of extra capacity from Virudhunagar in the southern CKIC northwards to Coimbatore, a major industrial center and Chennai. The project includes construction of a 400-kV network to pool power generated at renewable and thermal power plants in Thoothukudi district to Virudhunagar.

The project will also build the operational capacity of TANTRANSCO, the state-owned company responsible for transmission. This includes supporting a financial restructuring plan, better facilities and work environment for women workers, and improving its monitoring capacity for social and environmental impacts of power transmission projects. To help finance this capacity building work, ADB has approved a complementary technical assistance grant of USD 650,000. The grant comes from ADB’s Technical Assistance Special Fund.

The total cost of the project is USD 653.5 million, of which the government will provide USD 202.5 million. The estimated completion date is the end of 2024.

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Posted By : Rabi Wangkhem on Mon, 11 Nov 2019
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