India signs US$59 million agreement with ADB
India has signed a US$59.1 million agreement with the Asian Development Bank for the second tranche of the Himachal Pradesh Clean Energy development Investment Programme.
The second tranche will cover civil works for construction of a diversion barrage, power intake, de-sanding arrangements and gates and hoisting for the Sawra Kuddu hydroelectric project, located in Shimla district of Himachal Pradesh.
The US$800 million Himachal Pradesh Clean Energy Development Investment Programme was approved in 2008. It covers the Sawra Kuddu, the Keshang I, II and III stages, the Sainj, and the Shontong – Karcham projects.
The first tranche of the project was signed on November 10, 2008 which was for an amount of US$150 million.