ADB hails Powergrid's implementation of sub-project

ADB has applauded Powergrid for implementing the Environmental Management Plan.

As a consequence, it successfully mitigated the adverse environmental impacts associated with its development investment project, Tranche 1 and 2.

Based on the semi annual environmental monitoring report on the investment program, it is evident that the impact of this power transmission project is not far reaching.

Powergrid's approach towards project implementation involves selection of optimum route before design stage, proper implementation of EMP and monitoring mechanism through out project life cycle. These measures have considerably nullified the effects.

Moreover, the project is expected to reduce carbon footprint by transmitting the green hydro power instead of thermal generation, which would otherwise emit 257 million tonnes of carbon dioxide during the 30 year lifecycle of the project.

Furthermore, direct or indirect beneficial impacts, such as employment and business opportunities, of the sub-projects are likely to outweigh the negative impacts of the project.

ADB had approved a Multi tranche Financing Facility of US $ 400 million and US $ 200 million for Tranche 1 and 2, respectively.