The Indian Budget 1996-97 The Indian Economy Overview

IN DEPTH: World Bank Boosts Indian Power Industry

[Indian Power Industry] [Related Pages: 1 2 3 4 5 6 7]

World Bank funds boost to Indian Power Industry

In 1994 the World Bank had withdrawn $750 million in funding for power projects in India following Indian states refusing to stop giving away electricity. It is now back on the scene with a plan to restructure the state power sector in India.

The World Bank has recently announced a 350 million dollar loan to the eastern state of Orissa, to restructure management and improve power generation and distribution. The project will split the State Electricity Board into separate generation, transmission and distribution companies. This is expected to reduce the power tariff and develop infrastructural facilities.

More details on this project will be available very soon, please do check back in a day or two.

[Indian Power Industry] [Related Pages: 1 2 3 4 5 6 7]

Parosh Buragohain is an expert commentrator on the Indian infrastructural sector in local and foreign print media.