The Project will enhance the capacity of electricity supply in the Southern Region of the Country. The proposed project is a subset of the “HVDC Bi-pole Link between Western Region (Raigarh, Chhattisgarh) and Southern Region (Pugalur, Tamil Nadu) – North Trichur (Kerala)”, which comprises following three related schemes to expand the interstate transmission network in western and southern India.
Scheme 1: a +800 kV HVDC link from Raigarh (Chhattisgarh, Western Region) to Pugalur (Tamil Nadu, Southern Region).
Scheme 2: 400 kV transmission segments from Pugalur to 5 other grid substations in Tamil Nadu state.
Scheme 3: +320 kV HVDC link from Pugalur (Tamil Nadu) to Trichur (Kerala).
The three schemes combined will be able to wheel 6.0 GW of power from Chhattisgarh state to the Pugalur hub, then transfer 4.0 GW into Tamil Nadu and 2.0 GW into Kerala. AIIB financing is proposed only for the 400 kV lines included in Scheme 2 (the Project), while the related substations (and Schemes 1 and 3) are to be financed by other financiers.
The Bank has decided to apply ADB’s Safeguard Policy Statement (2009) (ADB SPS) to the project.
POWERGRID is the project executing agency.The Project is expected to increase the availability and sustainability of power supply in the Project area.
The Project is estimated to cost US $303.47 million. The GoI has requested a loan of US $100 million from AIIB and a loan of US $50 million from ADB to help finance the Project (ADB’s Loan No. and Title: 3365-IND: Green Energy Corridor and Grid Strengthening Project). Any shortfall in the funds required would be covered by POWERGRID.
Power Grid Corporation of India Limited, a central transmission utility, engages in the transmission of power in India. The company is involved in planning, implementation, operation, and maintenance of inter-state transmission system, telecom, and consultancy services.
Mr. Hongliang Yang
Project Team Leader/Senior Investment Operations Specialist
Mr. Anil Jain
Executive Director, Corporate Planning
Gurgaon 122 001, India
Tel: +91 124 2571960
ACCOUNTABILITY MECHANISM OF AIIB
In addition, the AIIB has a Bank Oversight Mechanism. According to AIIB's policies, "people who believe they have been or are likely to be adversely affected by a failure of the Bank to implement the ESP may also submit complaints to the Bank's oversight mechanism in accordance with the policies and procedures to be established by the Bank for such mechanism." However, at the time of writing, it is unclear what the exact scope and function of this Oversight Mechanism will be.