THDC receives $648 millionn loan from World Bank

NEW DELHI: State run THDC India Ltd has received loan of $648 million (about Rs 2,886 crore) from the World Bank for its project in Uttrakhand. With the loan, the 444-mw Vishnugad Pipalkoti hydroelectric project has achieved full financial closure, the company said in a statement.

The company has recently received environment ministry's nod for diversion of 80 hectare of forest land for the project that is expected to be completed by 2016.

THDC has a portfolio of hydro projects in Uttarakhand, Maharashtra and Bhutan with aggregate capacity of 8,868 mw. Its 1,000-mw Tehri hydro power project is operational since 2006-07. The company's 400-mw Koteshwar hydro power project is likely to be fully commissioned by 2012.

THDC is implementing 4060 mw Sankosh project in Bhutan for which a detailed report is under preparation. It is also implementing a 1,320-mw Khurja super thermal plant in Uttar Pradesh.

Source: EconomicTimes