India gets $150m for green transmission lines

Two loans totalling $150 million (£92.4m) has been given to the Indian Government for infrastructure that will support renewable energy development in the country. The cash will be used in […]

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By Priyanka Shrestha

Two loans totalling $150 million (£92.4m) has been given to the Indian Government for infrastructure that will support renewable energy development in the country.

The cash will be used in the state of Rajasthan for high-voltage transmission lines and substations which will be built by Rajasthan Rajya Vidyut Prasaran Nigam Limited (RRVPNL).

It is the first tranche of the $500 million (£307.8m) Rajasthan Renewable Energy Transmission Investment Programme approved by the Asian Development Bank (ADB) last year.

M. Teresa Kho, Country Director of ADB’s India Resident Mission said: “The transmission investment programme will spur the development of renewable energy in the resource-rich areas of Western Rajasthan and help to deliver more environmentally friendly energy to the state and national grids.”