In order to increase energy delivery from Indias west tosouthern region the

In order to increase energy delivery from indias west

This preview shows page 42 - 44 out of 62 pages.

In order to increase energy delivery from India’s west to southern region, the project will also include new high-voltage direct current terminals in Chhattisgarh, Tamil Nadu, and Kerala states, boosting interconnectivity between the regions from about 10 GW to 16 GW. Under the GEC, the intra-state network will feed renewable energy-based power to the respective state grids, and the high capacity transmission corridors and inter-state network will connect major renewable energy pockets with the national grid. Pakistan’s K-Electric signs loan agreements for transmission system upgradation On December 22, 2015, state-owned vertically-integrated power utility of Pakistan, K-Electric Limited executed two finance agreements structured by Standard Chartered Bank, one for China Export and Credit Insurance Corporation (Sinosure) for a supported financing of USD91.5 million and another for the Euler Hermes AG, Germany (Hermes)- backed facility of EUR46.5 million with Industrial and Commercial Bank of China, Bank of China and Standard Chartered Bank as mandated lead arrangers and lenders. Both the facilities are for a period of 10 years. The financing will be used by K-Electric to undertake a comprehensive and transformative upgrade of its transmission system, which will significantly improve the reliability, stability and efficiency of the power network. The project will increase K-Electric’s transmission capacity by 33 per cent (up to 1000 MVA), thereby allowing it to deliver more energy to its customers. These financing agreements are part of USD400 million investment by K-
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Global Transmission Report | January 2016 43 Deal Watch Electric into its transmission system, including the installation of new substations, transmission line equipment and grid stations. This is the first Sinosure-backed financing transaction for a private sector entity in Pakistan without Government of Pakistan’s sovereign guarantee. (EUR1=USD1.09) ADB approves USD600 million loans to Indonesia’s power sector The ADB has approved a loan of USD600 million for the Indonesian state electricity company Perusahaan Listrik Negara (PLN) to expand its electricity transmission and distribution system in Sumatra. The funds will be used to finance an increase of 150 kV transmission lines that already exist, new substations, and the installation of new equipment and renewal of old equipment, including switchgear. On the distribution side, the company will add to and strengthen medium and low-voltage network, including installation of distribution transformers, new connections, and customers’ meter boxes. The programme will also provide capacity building and institutional strengthening for PLN. The programme will help achieve an electrification rate of 90 per cent by 2019 in Sumatra. It will also support the government’s national targets for providing universal access to electricity by 2024, which is still in the range of 84 per cent.
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  • Fall '10
  • BOB
  • Electric power transmission, Electricity distribution, Electricity market, CFE, Federal Energy Regulatory Commission

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