ADB sanctioned Rs 1925 Cr for power sector development of Tripura

ADB sanctioned Rs 1925 Cr for power sector development of Tripura

Agency News

Agartala, Jul 18 : The Asian Development Bank (ADB) has sanctioned Rs 1925 Cr  for upgradation of power transmission and improvement of distribution system of Tripura State Electricity Corporation Ltd (TSECL), which is ever highest allocation of foreign funding for infrastructure development of the state.

Officials here today said that the Department of Economic Affairs has cleared the nod and given green signal to Asian Development Bank for funding Tripura. The state government has been persuading for financial assistance from ADB in the project, Tripura Power Generation Upgradation & Distribution Reliability Improvement.
Under the project upgradation of power generation infrastructure by capacity
augmentation of Rokhia thermal power plant from 63 MW to 120 MW at a cost of Rs 699.80 Cr and distribution reliability improvement by augmentation, renovation and modernization of distribution systems of Gomati hydro electric project at a cost of Rs 1225.88 Cr, officials stated.

“Augmentation of generation capacity of Rokhia project to 120 MW will be from open cycle to combined cycle technology while modernization of Gomati hydro project would be done by extension of life and improvement of power distribution system,” officials said. The TSECL had submitted the project proposal to the Ministry of Power and it was included into the 100 days action plan of BJP-IPFT government in Tripura. As per current ADB funding mechanism, total external financial assistance will be 80  percent amounting to USD 220 Million (Rs1540 Cr) while state government will share 20 percent of the cost amounting to Rs 385 Cr (USD 55 Million).

Besides, capacity enhancement of own gas based generation plant and reduction of cost of generation, the projects were aimed to improve system reliability and reduce technical losses and promotion of clean energy by upgradation of existing small hydro and development of solar plants on cluster basis, said Deputy Chief Minister also holding the portfolio of power Jishnu Dev Varma.

He pointed out that upgradation of 15 MW Gomati hydro-electric plant has been targeted to use of available gas in an economical and efficient manner. The modern technology will reduce cost of generation as well as flue gas temperature and emission of greenhouse gases like NOx and also increased availability of affordable  power for facilitating access to electricity for the mission of the state government to  provide power 24x7, Dev Varma added.(UNI)