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Project Detail:
World Bank has a long and successful history of engaging in HP through multiple projects that included direct lending to Nathpa Jhakri hydropower project in 1989 and Rampur hydropower project in 2008. Further, Bank also supported GoHP through two Development Policy Loans (DPL) to Promote Inclusive Green Growth and Sustainable Development in years 2012 and 2014, which supported, among other things, the promotion of environmentally sustainable and socially responsible hydropower development. Building on the work done previously and leveraging hydropower as a flexible resource in the state while investing in its T&D infrastructure will contribute towards achievement of the targets under the Paris Climate Agreement as well as the SDG 7 as it will help in decarbonizing the grid. Further, given that the VRE has already achieved grid-parity with fossil-fuel based power generation plants, the demand for clean energy in sectors beyond energy is already being noted. For instance, hydrogen which acts as a feedstock and a fuel for many heavy industries can be produced using VRE instead of fossil fuel-based electricity used currently. Flexible services from hydropower would pave a way forward to decarbonize many more sectors by contributing towards an increased uptake of VRE. Moreover, the Program would also like to demonstrate through HP that how other states and may be countries in the region could build further on this experience.
Note: Please Download Project Document attached to this Project for more information.
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