The Himachal Pradesh government today entered into a memorandum of understanding(MoU) with the Asian Development Bank (ADB) to procure $800 million (about Rs 3,800 crore), the highest loan for hydel power generation in the country.
This loan amount will be used to execute four medium and large hydro projects in the state under the HP clean energy development investment programme. The agreement was signed here today by Govind Mohan, director (infrastructure), Department of Economic Affairs, and ADB country-director Tadashi Kondo.
Officials said the deal will ensure setting up four medium to large hydro electric projects — Sawra-Kuddu (111 Mw), Kashang-I, II and III (195 Mw), Sainj project (100 Mw) and the Shongtong-Karchham (402 Mw).
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app