World Bank money for Indian hydel power

Vol 4, PW 11 (05 Jul 00) News in Brief

The World Bank has released $130m towards a renewable energy project to develop hydel power in India.

A World Bank release on 28th June said the focus of the project is on "canal-based and dam toe schemes; run-of-river schemes; rehabilitation of old plants; use of tail ends of cooling water systems of thermal power plants; and stand alone micro-hydro schemes." The money is to be routed through the Indian Renewable Energy Development Agency (IREDA) for plants of up to 200-MW capacity. IREDA will contribute $25m and private developers $140m.

The United Nations backed Global Environment Fund is contributing $5m in grants.Total cost of the project: $300m