JHARKHAND POWER SYSTEM IMPROVEMENT PROJECT

About:

• Project Objective: To provide reliable and affordable 24x7 electricity to the citizens of Jharkhand.
  
  
• Components: Some of the major components of the project include –
  • construction of new substations and transmission lines,
    
    
  • provide support to the Jharkhand Urja Sancharan Nigam Limited (JUSNL),
    
    
  • Installing smart meters to reduce technical and commercial losses etc.
    
    
  
  
  
• Duration: The $310 Million Loan from the International Bank for Reconstruction and Development (IBRD), has a 5-year grace period, and a final maturity of 25 years.
  
  
• Parent programme:
  • The Project is part of the Government of India’s Power for All programme launched in 2014.
    
    
  • The plan envisages addition of 4.5 GW generation capacities by 2022 (including 1.5 GW from solar energy), through a mix of Private and Public-sector investments.