AGARTALA, July 17 - In a major development in the power sector, Asian Development Bank (ADB) has approved a multi-crore project – Tripura Power Generation Upgradation & Distribution Reliability Improvement.
Under the project, the ADB will pump in Rs 1,925 crore to improve the power sector in the State and Tripura Electricity Corporation Ltd (TSECL) would implement the project.
Confirming the sanction, CMD of TSECL Dr MS Kele on Wednesday said Rs 699 crore would be earmarked for upgradation of generation by capacity augmentation of Rokhia plant from 63 MW to 120 MW. Besides, Rs 74 crore has been sanctioned for facelift of State’s lone hydro electric project at Dumbor. Currently, it is producing only 6 MW and it will go up to 10 MW after carrying out of the facelift plan.
Dr Kele informed that Rs 1,225.88 crore has been sanctioned to boost distribution system by installation of new substations, underground cable laying and installation of Smart Meters.
“We have already received an official communication confirming approval of Rs 1,920 crore project for development of the power sector. Now, we will prepare a DPR with the help of ADB experts to get the fund. We hope to receive the fund shortly”, he said. The ADB approval came under external aided project and the assistance is not a grant.
The approval of Rs 1,920 crore project has come as a major relief for TSECL as infrastructural development in power sector has got stuck due to severe financial crisis.
The power surplus State has been exporting 140 MW power to Bangladesh and Nepal after meeting the internal demand.