UP to seek World Bank’s help for power projects
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The Uttar Pradesh government has decided to seek help of World Bank (WB) for establishing power projects in the distribution, generation as well as transmission sector.
A WB team met senior officials of state government, including Chief Secretary Jawed Usmani, in Lucknow today. Several projects were discussed with the team for financial assistance and power department officials made a presentation seeking support of WB for three projects.
"We are seeking financial assistance up to $ 900 million for our projects. The idea is to strengthen all three areas — generation, transmission as well as distribution — with additional financial assistance," said a power department official.
In case of generation, the government has decided to seek help for extension of Panki Thermal Power project in Kanpur.
Sources said WB officials have asked for certain clarifications and also sought details on the financial sustainability of the projects. Another meeting would soon be held.
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