COMMENTARY
INTERVIEWS
SPECIALS
CHAT
ARCHIVES

World Bank to extend Rs 10 billion more for Haryana power sector reforms

The World Bank has assured the Haryana government that the second instalment amounting to Rs 10 billion for the implementation of power sector reform project will be approved very soon.

This assurance was given by World Bank's Energy Sector Divison director Alastair McKechnie in a meeting held with Chief Minister Bansi Lal in Chandigarh on Saturday.

McKechnie congratulated Lal for taking effective steps to reform the power sector in Haryana. He also appreciated Lal's role in electrifying the entire state way back in 1970 and hoped that the reform project would be implemented with the same zeal.

Lal said that the work undertaken with the first instalment of Rs 2.40 billion would be completed well before the scheduled date with over 80 per cent of it completed by March 1999.

The second instalment of the loan aims at transmitting and distributing the additional 1200 mega watt power which will be generated in the state by March 2000. A list of projects to be undertaken with this instalment was recently finalised on July 13 during the visit of a project preparation mission of the World Bank headed by M D Mostefai to Chandigarh.

UNI