Power Grid Corp Receives $175 Million Loan For Its Solar Transmission Project

Asian Development Bank has approved $175 million loan to Power Grid Corporation for expanding its solar power transmission network across the country.

As informed by the Company, this new funding will help to improve capacity & efficiency of the interstate transmission networks, specially in transmitting the electricity generated from solar parks to the national grid.

The Company also informed that apart from the evacuation of 2500 megawatts of power from solar parks in Bhadla, Rajasthan & 700 MW from the Gujarat plant, the company is also going to include two more sub-projects.

Asian Development Bank informed that solar transmission sector project is also the first project to be implemented following usage of procurement systems and country safeguards for the Indian state-owned electric utilities company to pace up processes.

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