The World Bank granted a $ 648 million loan to THDC India Ltd for the Vishnugad Pipalkoti Hydroelectric Project on the river Alaknanda in Uttarakhand. The power plant with a capacity of nearly 1,665 million KWh of energy per annum, is to treat India s long power shortage problem. The 444 Megawatt Project will also lessen India s greenhouse gas emissions by 1.6 million tons per year, as against a same capacity thermal plant.
The Bank said that once completed, the plant can meet the increased daily demands from residential and commercial premises during peak electricity consumption period along with its vital contribution to India s Northern Grid, which is under major power crisis during peak hours. It will also pay Uttarakhand a royalty of 12 % of the total power generated, an estimated figure of nearly 90 crore yearly at expected tariffs. It will also offer power at rational costs to those who have limited or no access to electricity now. TheJoint Secretary in the Department of Economic Affairs, Ministry of Finance, Government of India, Mr Venu Rajamony said, "The Government of India is committed to improving the access of its people to power and thereby removing this constraint to human development and economic growth. Hydropower is one of cleanest means of electricity generation and the Vishnugad Pipalkoti Hydro Electric Project is a priority project that will help relieve power shortages in India." The project will build a small reservoir in the Alaknanda for which a 65-meter diversion dam near Helang village in Chamoli district of Uttarakhand will be created. The water for the underground powerhouse near Haat village, will be supplied by a 13.4-kilometer long headrace tunnel. Then diverted water will be sent to the river. The THDC will make sure that there is a minimum flow of 15.65 cumecs of water in the Alaknanda at all times so that the aquatic condidtion of the river does not suffer. This is equal to nearly 45 % of the average slant season flow in the Alaknanda, as per, one of the highest minimum flow standards that any hydropower project in India adheres to. The Ministry of Environment & Forest has made a detailed study on the impacts of hydropower development on the Alaknanda basin, and is one of the first Indian hydropower projects to execute a higher, more environmental freindly lowest flow regime, said Mr Roberto Zagha, World Bank Country Director for India. After the power generation begins, each project affected household will receive 100 kWh of free electricity per month for 10 years. THDC will give 1% of its annual income for improving hospitals, roads, water supply schemes etc., along with Rs 310 million to build community infrastructure in project-affected villages over the next 5 years. The low-interest loan of the International Bank for Reconstruction and Development (IBRD), has a maturity period of 29 years.
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The Bank said that once completed, the plant can meet the increased daily demands from residential and commercial premises during peak electricity consumption period along with its vital contribution to India s Northern Grid, which is under major power crisis during peak hours. It will also pay Uttarakhand a royalty of 12 % of the total power generated, an estimated figure of nearly 90 crore yearly at expected tariffs. It will also offer power at rational costs to those who have limited or no access to electricity now. TheJoint Secretary in the Department of Economic Affairs, Ministry of Finance, Government of India, Mr Venu Rajamony said, "The Government of India is committed to improving the access of its people to power and thereby removing this constraint to human development and economic growth. Hydropower is one of cleanest means of electricity generation and the Vishnugad Pipalkoti Hydro Electric Project is a priority project that will help relieve power shortages in India." The project will build a small reservoir in the Alaknanda for which a 65-meter diversion dam near Helang village in Chamoli district of Uttarakhand will be created. The water for the underground powerhouse near Haat village, will be supplied by a 13.4-kilometer long headrace tunnel. Then diverted water will be sent to the river. The THDC will make sure that there is a minimum flow of 15.65 cumecs of water in the Alaknanda at all times so that the aquatic condidtion of the river does not suffer. This is equal to nearly 45 % of the average slant season flow in the Alaknanda, as per, one of the highest minimum flow standards that any hydropower project in India adheres to. The Ministry of Environment & Forest has made a detailed study on the impacts of hydropower development on the Alaknanda basin, and is one of the first Indian hydropower projects to execute a higher, more environmental freindly lowest flow regime, said Mr Roberto Zagha, World Bank Country Director for India. After the power generation begins, each project affected household will receive 100 kWh of free electricity per month for 10 years. THDC will give 1% of its annual income for improving hospitals, roads, water supply schemes etc., along with Rs 310 million to build community infrastructure in project-affected villages over the next 5 years. The low-interest loan of the International Bank for Reconstruction and Development (IBRD), has a maturity period of 29 years.
http://www.hydroworld.com/index/display/news_display.1449832237.html
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