WASHINGTON, March 18, 2008 - The following project was approved today by the World Bank’s Board of Executive Directors:  IBRD Loan: USD$600 million TERMS: Maturity= 20 years Grace= 5 years PROJECT DESCRIPTION: The project aims to further facilitate and strengthen the transmission system in order to increase reliable power exchanges between the regions and states of India. The project is designed to focus on (i) strengthening the transmission system in the power deficit regions and increasing inter-regional transmission capacity, and (ii) developing the institutional capacity of POWERGRID to facilitate the implementation of open access and inter-regional trading.  For more information please call: Erik Nora at (202) 458-4735 or e-mail enora@worldbank.org. For more information on the Bank’s work in India, please visit http://go.worldbank.org/63DY8HX2R0. For more information on the project, please visit http://www.worldbank.org.in/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=295584&menuPK=295617&Projectid=P101653.  |
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