GS 3: Economy | Infrastructure: Energy, Ports, Roads, Airports, Railways, etc.

Why in News?

• The Government of India and the World Bank have signed a $ 310 million loan agreement for the Jharkhand Electricity System Improvement Project in Delhi on November 20, 2018. The project will aim to provide reliable, quality, and affordable 24×7 electricity to the citizens of Jharkhand.

Significance:

• Jharkhand Electricity System Improvement Project will help in creating new power transmission structure in Jharkhand, and will also improve technical efficiency and commercial performance of the state’s power sector.

Jharkhand Electricity System Improvement Project:

• Under this project, the automated sub-stations, network analysis, and planning equipment will be used which will help in ensuring the customers’ satisfaction.
• The project will help to improve the institutional capabilities of public sector companies for power transmission and distribution.
• Under the project, new sub-stations with 132 KW voltage transmission line will be constructed for strengthening the operation of Jharkhand Power Corporation Limited (JPCL). The project will also help in integrating the renewable energy with the state grid. The concession period for this loan is 5 years, and the last maturity period is 25 years.
• ·This project is part of a “SabkeLiyeBijli” launched by the Indian Government in 2014. With the private and public investment, the scheme is expected to produce around 4.5 GW electricity by 2022.