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

First Wind wind turbine gearboxes to be rebuilt

First Wind contracted Germany-based Winergy Drive Systems Corp. (WDSC) to rebuild gearboxes for some of the company’s Clipper wind turbines across the U.S.

USVI Tibbar Energy power plant to begin construction

Tibbar Energy USVI has announced that construction will begin in the second quarter of 2015, on a 7-MW anaerobic digestion biogas power plant, which utilizes VIASPACE's Giant King Grass.

Follow Power Engineering on Twitter
Latest News

EIA: Coal-fired generation alive and well in the coming decade

Coal-fired power generation from existing plants will increase through 2025, this according t...

Report: Nuke dump radiation leak could have been prevented

A radiation leak that forced the indefinite closure of the federal government's only undergro...

Areva’s nuclear reactor vessel flaws may be “costly”

The French nuclear regulator says anomalies found in Areva’s nuclear reactor technology are “...

Southern Power acquires 32MW solar project from First Solar

Southern Co. (NYSE: SO) subsidiary, Southern Power, has acquired controlling interest in...

Second robot completes survey of Fukushima reactor containment vessel

A second shape-shifting robot completed a survey from inside of the Fukushima Daiichi nuclear...

PacifiCorp considers joining California ISO

PacifiCorp signed a memorandum of understanding to explore full participation in the Californ...

Herbert: Uranium shouldn't be in Utah before federal review

Gov. Gary Herbert said Thursday that he wants federal regulators to review how hazardous a ty...

Environmentalists press for bill to expand solar power

Environmentalists are urging lawmakers to back a bill they say would help more residents inve...

Power Engineering Current Issue

12/01/2014
Volume 118, Issue 12
1412pe-cover1
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

Dais Analytic Corporation Appoints Eliza Wang to Board of Directors

Dais Analytic Corporation Appoints Eliza Wang to Board of Directors

Magnum Hunter Resources Chairman and CEO to Present at IPAA OGIS New York 2015

Magnum Hunter Resources Chairman and CEO to Present at IPAA OGIS New York 2015

GEI Global Energy Corp. Explores Solar Opportunities

GEI Global Energy Corp. Explores Solar Opportunities

Envision Solar Installs Solar-Powered EV Charging Stations in San Francisco as Part of "Driving on Sunshine" Campaign

Envision Solar Installs Solar-Powered EV Charging Stations in San Francisco as Part of ...

ZBB Energy and Solar Power, Inc. (SPI) Announce Global Strategic Partnership With an Initial Supply Agreement Valued at Between $80 Million and $120 Million

ZBB Energy and Solar Power, Inc. (SPI) Announce Global Strategic Partnership With an In...

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 >>