Agartala: The World Bank will provide a soft loan of Rs 1,100 crore to the Tripura government for improvement of facilities for transmission and distribution of power in the state, official sources said on Tuesday.
A five-member team of the World Bank headed by senior Energy specialist Rohit Mittal met Tripura Power Minister Manik Dey and Chief Secretary S K Panda today and gave an outline of the process for reforming old transmission lines and laying new lines, the sources said.
The Tripura government had earlier submitted a funding proposal for a project on "transmission and distribution of power in the state" and the World Bank has agreed to provide Rs 1,100 crore for the above project, the sources said.
The transmission line would be connected with Assam, the sources said, adding it would be easier to transmit power from the state to other parts of the country and also for receiving the same.
A gas-based thermal project at Palatana in South Tripura district will start production by the end of next year and Tripura will be a power surplus state, enabling it to export power to other states, they added.