Moving towards becoming model state in power sector, ADB sanctions Rs 2000 Cr to Tripura

Agartala, July 25: Paving path for New India, the Northeast states have outshined bringing progressive development in many sectors. Continuing this by upgrading power generation, transmission and distribution, the Asian Development Bank (ADB) has sanctioned Rs 1,925 crore to Tripura. With ADB’s sanction, which is the highest ever in the state, Tripura is going to be a model state in power sector by supplying uninterrupted service.

 

Tripura State Electricity Corporation Limited (TSECL) Chairman and Managing Director Murhari Sopanrao Kele said the ADB would provide 80% of the ₹1,925 crore ($275 million) Tripura power generation upgradation and distribution reliability improvement projects. The rest (₹385 crore) would be contributed by the state government.

The Department of Economic Affairs (fund bank and ADB division) under the Union Finance Ministry had communicated it to TSECL and given its green signal to the ADB for taking appropriate steps. In June, the ADB had agreed to provide financial assistance for the ₹1,650 crore ($235 million) infrastructure development projects in seven of the eight district headquarters of Tripura.

Meanwhile, the government-owned Power Grid Corporation of India Limited (PGCIL) is implementing the ₹1,372 crore World Bank-funded projects for development of power infrastructure in the state.

Tripura, a power surplus state, is supplying 190 MW to Bangladesh and 40 MW to Nepal.