Power Grid Corporation of India Limited (POWERGRID) signed a JPY 80 billion (approximately ₹4,500 crore) Green Loan Agreement with Japan Bank for International Cooperation (JBIC) for developing the Khavda (Gujarat) to Nagpur (Maharashtra) High Voltage Direct Current (HVDC) transmission line. Khavda in Gujarat's Rann of Kutch region is India's largest renewable energy development hub — hosting massive solar and wind projects by Adani, SECI and others. HVDC lines efficiently transmit electricity over long distances with minimal losses, essential for connecting remote renewable energy sources to urban load centres.
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POWERGRID and JBIC Sign JPY 80 Billion Green Loan for Khavda-Nagpur HVDC Transmission Line
Key Points
- Power Grid Corporation of India Limited (POWERGRID) signed a JPY 80 billion (approximately ₹4,500 crore) Green Loan Agreement with Japan Bank for International Cooperation (JBIC) for developing the Khavda (Gujarat) to Nagpur (Maharashtra) High Voltage Direct Current (HVDC) transmission line
- Khavda in Gujarat's Rann of Kutch region is India's largest renewable energy development hub — hosting massive solar and wind projects by Adani, SECI and others
- HVDC lines efficiently transmit electricity over long distances with minimal losses, essential for connecting remote renewable energy sources to urban load centres
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• POWERGRID + JBIC: JPY 80 billion green loan; Khavda-Nagpur HVDC transmission line • Khavda (Gujarat Rann of Kutch): India's largest renewable energy hub; Nagpur: load centre • HVDC: High Voltage Direct Current; efficient for long-distance renewable energy transmission • POWERGRID: Power Grid Corporation of India; Navratna CPSE; HQ Gurugram; Ministry of Power
