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Agreement signed for US$ 303.4mln project

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The government has signed an agreement with the World Bank for Coal Fired Generation Rehabilitation Project. The total cost of the Project is US$303.4 million out of which US$ 180 million will be IBRD Loan and US$ 45.4 million will be Global Environment Facility (GEF) Grant.
The objective of the project is to improve the energy efficiency of selected coal-fired power generation units through renovation and modernization and improved operations and maintenance, and a significant co-benefit of the Project is the reduction of greenhouse gas emissions per kilowatt hour of electricity generated.

The project consists of following parts / components:
Component 1: Energy Efficiency Renovation and Modernization Pilots –
Renovation and modernization of 640 MW of old coal-fired power generation capacity of the Participating Utilities, specifically:(a) Unit-5, Bandel Thermal Power Plant of West Bengal Power Development Corporation Limited (WBPDCL) (210 MW); (b) Unit-6, Koradi Thermal Power Plant of Maharashtra State Power Generation Company Limited (MSPGCL)(210 MW); and (c) Units-3 & 4, Panipat Thermal Power Plant of Haryana Power Generation Corporation Limited (HPGCL) (110 MW each), all to demonstrate energy efficient rehabilitation approaches.
Component 2: Technical Assistance-
Technical assistance and support to (a) WBPDCL, (b) MSPGCL, (c) HPGCL and (d) Central Electricity Authority, as appropriate to implement energy efficiency renovation and modernization pilots under Component 1, develop a pipeline of energy efficiency renovation and modernization interventions, addressing barriers to energy efficiency renovation and modernization projects, and strengthening institutional capacities of the Participating Utilities and the CEA.
The project is expected to be completed by November 30, 2014.

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