The Asian Development Bank (ADB) will provide US$500 million of the funding for an $800 million renewable energy transmission system in north west India.
With the sun-drenched state of Rajasthan playing a pivotal role in the country's ambition of generating 20 GW of solar power by 2022, plans are in place for 1,850 km of transmission lines in the west of the state to supply solar energy to state and national grids.
The government of Rajasthan and India's transmission utilities are expected to supply the remaining $300 million for the scheme which will upgrade capacity at seven sub stations as well as providing three new 400 kV stations and nine new 220 kV facilities.
The initial $150 million of ADB funds will be supplemented ‘later in 2014' by a further $220 million and a final $128 million in 2015, according to a statement published by the bank on its website on Friday.
The article states the ADB funding will come from the bank's clean technology fund and will include $2 million for technical assistance and infrastructure planning for the new state-funded PV and solar thermal park at Bhadla as well as transmission system studies and a community development plan to step up solar electricity and clean water equipment for small communities.
Work has started on the initial 75 MW of PV power at the Bhadla park being developed by the state's Rajasthan Renewable Energy Corp in the west of the region, with 20 MW set to be added annually from next year onwards.
Rajasthan supplied 80% of the first phase of India's national Jawaharlal Nehru National Solar Mission (JNNSM) and is targeting 8 GW of solar and wind generation by 2018, mostly from the private sector.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.