ADB to help Assam in renewable energy

Guwahati,  Oct 24: The Asian Development Bank (ADB) on Thursday  approved a $434.25 million loan to increase renewable energy capacity and improve energy security in  Assam.

“Addressing the renewable energy capacity shortage in Assam is crucial to meet growing demand and reduce dependency on fossil fuels,” said ADB Principal Energy Specialist Jiwan Acharya.

“This project will help Assam develop a renewable energy road map and increase its solar energy capacity to achieve its target of 3,000 megawatts (MW) by 2030.”

The Assam Solar Project will construct a grid-connected solar photovoltaic (PV) facility in Karbi Anglong district with a capacity of 500 MW. The project will support the development of a grid-connected battery energy storage system to ensure grid stability and meet peak power demand. This storage system will be established through a joint venture between the Assam Power Distribution Company Limited (APDCL) and the Oil and Natural Gas Corporation Ltd. Tripura Power Company Ltd.

ADB will help attract private sector investment into renewable energy by strengthening the state’s public–private partnership (PPP) framework and build its capacity to develop and manage renewable energy PPP projects. The project will help establish a PPP agreement to develop an additional 250 MW solar PV facility in the Karbi Anglong district.

The project will improve the distribution of electricity around the solar PV facility and neighboring rural areas by replacing overhead power distribution lines with aerial covered conductor cable and installing new distribution transformers.

ADB will provide an additional $1 million technical assistance grant from its Clean Energy Fund under the Clean Energy Financing Partnership Facility to support project implementation, awareness-raising, and capacity building of the APDCL and surrounding communities.

Hot this week

Meghalaya man missing in Bangkok

Shillong, Jan 10: A 57-year-old Meghalaya resident, Mr. Treactchell...

Pay hike of Assam ministers, MLAs likely as 3-member panel submits report

Full report likely by Oct 30 Guwahati Sept 25: There...

ANSAM rejects Kuki’s separate administration demand, says bifurcation not acceptable

Guwahati, Sept 8: Rejecting the separate administration demand of...

Meghalaya Biological Park Inaugurated After 25 Years: A New Chapter in Conservation and Education

Shillong, Nov 28: Though it took nearly 25 years...

Meghalaya’s historic fiber paves the way for eco-friendly products and sustainable livelihoods

By Roopak Goswami Shillong, Oct 25: From making earbuds to...

Pope’s transformative Papacy touched the world: CM

Shillong, Apr 21: Along with the rest of the...

Archbishop issues mourning guidelines  

pecial Requiem Mass at Cathedral Church in Shillong today   Shillong,...

HYC apprehends 4 ‘tourists’ with suspected nationality at Shella

Shillong, Apr 21: The problem of infiltration from Bangladesh...

EC is compromised says Rahul in US

Boston/New Delhi, Apr 21: The Election Commission is "compromised",...

PM Modi meets US VP Vance

New Delhi, Apr 21: Prime Minister Narendra Modi on...
spot_img

Related Articles

Popular Categories

spot_imgspot_img