Tripura seeks Rs 1102 cr loan from World Bank

Agartala, Jun 21 : A five-member World Bank delegation, headed by Ruhit Mittal, Senior Energy Specialist for India, today discussed with Power Minister Manik Dey Tripura's proposal of Rs 1102 crore for development of the power sector.

The team members, who arrived on a two-day visit to review the proposal, held a meeting with top officials of the department last night and this morning.

Tripura had demanded Rs 843 crore grant and about Rs 93 crore as loan from the WB. The remaining Rs 166 crore would be shared by the Centre and the State on a 90:10 ratio under infrastructure development programme.

The state government had proposed to renovate all eight power transmission lines, set up new power stations and erect underground power supply lines and other related infrastructure work.

The work had been necessitated following development of two mega power projects--Palatana (726 MW) and Monarchak (105 MW)--which are expected to be commissioned in 2012.