India Signs Agreement With World Bank For Coal-fired Generation Rehabilitation Project
The Government of India has signed an agreement with the World Bank for coal-fired generation rehabilitation project. The total cost of the project is $303.4m, out of which $180m will be IBRD loan and $45.4m will be Global Environment Facility (GEF) grant.
The objective of the project is to improve energy efficiency of selected coal-fired power generation units through renovation and modernization and improved operations and maintenance. A co-benefit of the project is reduction of greenhouse gas emissions per kilowatt hour of electricity generated. The project is expected to be completed by November 30, 2014.
The project consists of components including renovation and modernization of 640MW of old coal-fired power generation capacity of the participating utilities, specifically: unit-5, Bandel thermal power plant of West Bengal Power Development Corporation Limited (WBPDCL); unit-6, Koradi thermal power plant of Maharashtra State Power Generation Company Limited (MSPGCL); and units-3 and 4, Panipat thermal power plant of Haryana Power Generation Corporation Limited (HPGCL).
The project will also provide technical assistance and support to WBPDCL, MSPGCL, HPGCL and Central Electricity Authority, as appropriate to implement energy efficiency renovation and modernization pilots.
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