The Asian Development Bank (ADB) has announced that it has agreed to deliver $451 million loan to strengthen power connectivity along the Chennai-Kanyakumari Industrial Corridor (CKIC). The total cost of the project is $653.5 million, of which, the government will provide $202.5 million, the Manila-headquartered agency said in a release. The project is estimated to be completed by 2024 end.
"The ADB project will allow more power, including renewable energy, to be transferred from new generation facilities in the south CKIC to the north, where it is most in demand," said ADB Principal Energy Specialist for South Asia Pradeep Perera.
The state is aiming to develop the Chennai-Tiruchirappalli stretch of CKIC as a manufacturing centre and the relatively backward Madurai-Tuticorin stretch for renewable energy-based power generation because of the availability of wind and solar resources in that region.
ADB has been assisting in developing CKIC, which covers 23 of the state's 32 districts and 70% of the state population. The project will establish an extra-high voltage 765-kilovolt (kV) transmission link to transfer 9,000MW of extra capacity from Virudhunagar in the southern CKIC to Coimbatore, a major industrial centre, and Chennai. The project includes construction of a 400-kV network to pool power generated at renewable and thermal power plants in Tuticorin to Virudhunagar.
"Tamil Nadu had the second largest economy among India's states in 2018, with a gross domestic product of $250 billion. However, the state government has identified quality infrastructure including a reliable power supply as a key prerequisite for further economic development. As a key component, ADB has been assisting in developing CKIC," said the release.
The project will also build the operational capacity of Tantransco, the state-owned company responsible for transmission. This includes supporting a financial restructuring plan, better facilities and work environment for women workers, and improving its monitoring capacity for social and environmental impacts of power transmission projects. To help finance this capacity building work, ADB has approved a complementary technical assistance grant of $650,000. The grant comes from ADB's Technical Assistance Special Fund, the release said.
Mani Khurana, World Bank Discusses the SUPRABHA Initiative from the World Bank & MNRE
Mr. Arun Sharma, Sterlite Power discusses Prospect for Renewable Energy Integration to The Grid
Energetica India speaks to Venkatesh Dwivedi, EESL to gather insights into its 10-years journey
Energetica India speaks to Mr. Yukun Hu, Sungrow India on the company’s inverter technology