Indian seeks ADB support for ambitious power projects

3 April 2006 - The Indian government has held talks with the Asian Development Bank (ADB) about financial assistance for five huge power plant projects, each with a capacity of 4000 MW and expected to cost around Rs150bn ($3.4bn)-Rs 200bn each.

John Samy, ADB's Deputy Director General for South Asia, confirmed that the Bank had discussed the issue with the government and assured that it would consider assisting in the projects if required.

"ADB had discussions with the Ministry of Power about the ultra mega power projects. ADB fully supports the government's initiative to ensure energy security by increasing generation capacity through diversification of energy sources," he said.

Samy said the government's plan was to have the projects financed by private sector once the project development work was completed by the special purpose vehicles established for this purpose by Power Finance Corporation.

PFC has already sought Expressions of Interest for Sasan, Mundra, Sindhudurg and Karwar projects. It has now invited pre-qualification bids for Sasan and Mundra projects.

"As a long-term development partner ADB would follow the progress of these projects with great interest and would be prepared to consider assistance should it be required," he said, adding so far the government has not sought technical assistance support for these projects.

Sponsored by FLSmidth

Related Articles

Fuel Tech receives air pollution control contracts worth $3.6Mn

Fuel Tech Inc. has received multiple air pollution control (APC) contracts, worth approximately $3.6 million, from customers in China, Europe and the U.S.

NRC: DOE’s Yucca Mountain R&D meet NRC requirements

The staff of the U.S. Nuclear Regulatory Commission (NRC) published Volume 4 of its safety evaluation report on a proposed underground used nuclear fuel repository in Nevada.

Follow Power Engineering on Twitter

Latest News

Shutterstock coal production trucks

Weekly Coal Production

The Weekly Coal Production shows how much coal is being produced across the U.S.

Federal Reserve Bank of Dallas Weekly Economic Indicators financial business

The Federal Reserve Bank of Dallas' Economic Indicators

The Federal Reserve Bank of Dallas offers a glimpse into how the markets are doing domestical...

Kvaerner awarded contract for gas-fired power plant in Delaware

Kvaerner North American Construction Inc. and its joint venture partner, Parsons Brinckerhoff...

Canadian Solar purchases two solar projects

Canadian Solar Inc. has acquired a majority interest in two utility-scale solar power project...

Operators Restart Unit 2 at PPL Susquehanna

Unit 2 at the PPL Susquehanna nuclear power plant near Berwick, Pa. resumed generating electr...

Settlement agreement limits cost recovery at Edwardsport

The Indiana Utility Regulatory Commission (IURC) on Dec. 27 modified and approved a settlemen...

Toshiba in talks to sell portion of Westinghouse nuclear unit

Toshiba Corp is in talks  to sell up to 16% of its stake in the Westinghouse Electric Co...

Utah nixes nuclear waste storage facility

Plans to park radioactive waste at a storage facility in Utah have been officially called off.

Power Engineering Current Issue

03/01/2014
Volume 118, Issue 3
1403PE-cover

Products Showcase

Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013

Buyers Guide Categories

Buyers Guide Product Listings

Sargent & Lundy Construction Management Services

Providing complete construction management and ...

Mechanical Services

Expert mechanical services range from boiler ma...

Power Industry Wire News

Magellan Announces Implementation of ATM Facility and Shelf Registration

Magellan Announces Implementation of ATM Facility and Shelf Registration

Magnum Hunter Resources' Stalder 3UH Well (Utica) Located in Monroe County, Ohio Is Now Under Control and Capped

Magnum Hunter Resources' Stalder 3UH Well (Utica) Located in Monroe County, Ohio Is Now...

HC2 Holdings, Inc. to List on NYSE MKT

HC2 Holdings, Inc. to List on NYSE MKT

Enbridge Energy Partners Approves Alberta Clipper Pipeline Drop Down Acquisition and 3 Percent Initial 2015 Distribution Increase

Enbridge Energy Partners Approves Alberta Clipper Pipeline Drop Down Acquisition and 3 ...

Offshore Injury Lawyers Say Low Oil Prices Could Mean Big Trouble for Rig Workers

Offshore Injury Lawyers Say Low Oil Prices Could Mean Big Trouble for Rig Workers

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>