Government of India will provide a financing facility worth about Rs. 1600 Crore through the World Bank for the “Himachal Pradesh Power Sector Development Program,” a spokesperson of Directorate of Energy said on Tuesday. With the State equity the total program cost will be approximately Rs. 2000 Crore. World Bank funding under this Program is expected to be available by early next year. Both the World Bank and Department of MPP & Power, GoHP are working expeditiously towards finalization of the Program preparation. The Program duration will be of five years, starting from year 2023 to 2028. This Program aims to undertake holistic power sector reforms in a manner to allow for improvements in the renewable energy integration in the State.
