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World Bank to provide more than 2,000 cr for development of power projects in North East

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By Newsgram Staff Writer

The World Bank will provide a ‘North Eastern Region Power System Improvement Project’ aid for the development and expansion of infrastructure in the power sector in north-eastern states. The Bank will provide 50% of the Rs. 5,111 crore power project of Indian Government in Assam, Meghalaya, Mizoram, Manipur, Nagaland and Tripura. The remaining amount will be shared by the central Government and the concerned states.

The State-owned Power Grid Corporation of India Ltd. (PGCIL) will execute the World Bank-aided projects in six of the eight north-eastern states of India.

Of the Rs.5,111 crore, Assam would get the highest share of Rs.1,473.80 crore followed by Tripura (Rs.1,372.20 crore), Meghalaya (Rs.776.93 crore), Nagaland (Rs.729.42 crore), Manipur (Rs.442.22 crore) and Mizoram (Rs.316.76 crore), PGCIL chairman-cum-managing director R.N. Nayak said.

PGCIL and the Tripura State Electricity Corporation Limited  has already signed a memorandum of understanding (MoU) to execute the World Bank-aided project in the state which will be completed in three years.

The project would see the setting up of over 3,488km long high power transmission lines  along with the construction of many power transmission sub-stations .The project will also include modernizing the existing transmission system.

World Bank’s senior energy analyst Rohit Mittal said the project would help in the economic growth of the north-eastern region.

 

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World Bank to Help Sri-Lankan Farmers Improve Productivity and Tackle Climate Change

The project will ensure that all farmers obtain adequate access to training and research

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world bank, sri lanka
The project will ensure that all farmers obtain adequate access to training and research. Wikimedia

The World Bank on Monday approved a $125 million loan for Sri Lanka to help small farmers improve productivity and tackle climate change.

The programme will benefit more than 470,000 small farmers in six provinces in the dry zone of the country, selected for being most exposed to climate impacts, the World Bank said in a statement cited by Xinhua news agency.

Sri Lanka is particularly vulnerable to climate-related natural disasters such as floods and droughts with hundreds of people killed in recent years, the report said.

farmers, sri lanka, world bank
Sri Lanka is particularly vulnerable to climate-related natural disasters such as floods and droughts with hundreds of people killed in recent years, the report said. Pixabay

“Innovation, including the introduction of improved crop varieties, cropping patterns, water resources management, among others, can help farmers adapt to changing climate and improve their incomes and livelihoods,” said World Bank Country Director for Maldives, Nepal and Sri Lanka Idah Z. Pswarayi-Riddihough.

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The project will ensure that all farmers obtain adequate access to training and research.

Sri Lanka’s agriculture is one of the worst-affected sectors by climate change. Agriculture contributes about 7.7 per cent to the country’s economy and employs 27 per cent of the population. (IANS)