ADB approves $231 million loan for hydropower project in Assam

The Asian Development Bank (ADB) has approved a loan of $231 million for the development of the Lower Kopili hydroelectric power project in Assam. The project is located on the Kopili river and will have a capacity of 120 MW. To be developed by Assam Power Generation Corporation Limited, the project is expected to address peak power demands in the state. The funding includes a sum of $2 million, allocated under ADB’s Japan Fund for Poverty Reduction. It will be used for community-based disaster resilience initiatives and resource management. Further, steps will be taken to reduce acidity levels in the Kopili river. The funding represents the third tranche of the $300 million allocated by the ADB for the Assam Power Sector Investment Program. So far, the funding has been used for the upgrade of the 70 MW Lakwa gas project and the improvement of power distribution systems in the state.

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