World Bank Sanctions Rs 11,000 Crores for Advancing Safety of Hydro Power Dams

The World Bank has announced that it has acknowledged a proposal to endow with Rs 11,000 crore to India to develop safety and operational performance of its 733 large dams across 18 states in the next 10 years.

The funds will be utilised under the ongoing Dam Rehabilitation and Improvement Programme (DRIP) for its ensuing phases beginning 2020. Besides operation, maintenance and emergency action plans, the programme will also focus on revenue generation at dams through tourism, fisheries, water recreations and solar and hydro power.

"The World Bank's country director confirmed the acceptance of the proposal to provide Rs 11,000 crore to rehabilitate over 700 dams during Phase-II & III of the DRIP while speaking at the International Dam Safety Conference, concluded in Bhubaneswar on Thursday," alleged S Masood Husain, Chairman of the Central Water Commission (CWC).

“The World Bank has found India's work under ongoing DRIP "satisfactory", he further added.

India has at present 5,264 operational large dams, but 80% of them are over 25 years old and in need of maintenance and safety upgradation. As many as 213 large dams in India are over 100 years old.

Hydropower | News published on 19/02/2019 by Moulin

 
 
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