AIIB: India, AIIB indicator settlement to strengthen Assam electrical power transmission – Latest News

India and the Asian Infrastructure Expenditure Bank (AIIB) on Tuesday signed a $304 million bank loan agreement for the Assam Intra-State Transmission Process Improvement Task to strengthen trustworthiness, ability and stability of the electricity transmission community in the northeastern condition.

The task aims to improve Assam’s electrical power transmission program by constructing 10 transmission substations and laying transmission strains with the connected infrastructure. The undertaking will also improve 15 present substations, and transmission lines and current ground wire to optical ability floor wire and give complex aid to help project implementation.

The programme would strengthen the current intrastate transmission network of Assam by augmenting it with newer networks to accomplish cost-effective, safe, efficient and trustworthy 24X7 electricity. This would, in flip, provide Assam closer to making certain lengthy-term sustainability of its electricity source, a Finance Ministry statement explained.

Assam at this time witnesses sizeable energy and peak demand from customers deficits. One of the principal causes for its electricity-deficit state of affairs is congestion of the electricity distribution and transmission networks. The Assam Electric power Grid Corporation Ltd (AEGCL), the sole transmission utility in the point out, is accountable for the operation, maintenance and growth of the transmission procedure in the State.

AEGCL now operates 66 substations with 6,882 megavolt-ampere capacity, and its transmission community includes 5,701 circuit km of transmission traces.

The undertaking would make improvements to the transmission network constraints and congestion in the point out.

The full estimated price of the challenge is $365 million, of which $304 million will be financed by the AIIB while the counterpart funding from the state government is $61 million. The $304 million loan from the AIIB has a 5-year grace period and a maturity of 24 several years.

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