POWERGRID — Green Loan for Renewable Energy

POWERGRID secured a JPY 80 billion green loan from Japan Bank for International Cooperation (JBIC).

Project

Khavda–Nagpur HVDC transmission project

• Khavda Renewable Energy Park → Gujarat
• Nagpur → Maharashtra
• Purpose: evacuate renewable energy and integrate it into India's national grid.
• JBIC financing: JPY 48 billion
• Remaining financing through co-financing banks.

Targets

Supports:

• 500 GW renewable energy capacity by 2030
• Transmission network expansion to 191,000 circuit km by 2032.

UPSC Mains: Renewable energy generation is useful only when adequate transmission infrastructure exists.