France Provides €80m Credit To India For Two Hydropower Projects

France Provides €80m Credit To India For Two Hydropower Projects

French development agency AFD has provided an €80m credit for the development of two hydroelectric plants (HEP) in Himachal Pradesh, India.

AFD’s deputy director in India Herve Dubreuil signed the credit facility agreement with the Department of Economic Affairs’ (DEA) joint secretary Selvakumar, reported IANS.

The 30MW Deothal Chanju HEP and 48MW Chanju III HEP projects located in the Chanju river basin will offer 78MW of renewable energy, which will produce 280GWh of power annually per year and help reduce CO² by 276,000t. The two projects will be developed by the Himachal Pradesh Power Corporation Limited (HPPCL).

HPPCL has been allotted hydropower projects totaling 3,111MW. By 2022, it has to achieve an installation target of 934MW of new hydropower capacity in the state by 2022.

The Government of Himachal Pradesh will have 20% equity in the project.

The development of the run-of-river power facilities does not lead to displacement or resettlement of the population, reported PTI.



Source Link – Power Technology

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