The Asian development is providing financial assistance to the tune of USD 890 million for hydropower development and creation of tourism infrastructure, chief minister Prem Kumar Dhumal told the Assembly .
Replying to a question of Gobind Thakur (BJP), he said that USD 800 million had been provided for hydropower projects while USD 95.16 million would be spent on creation of creating tourism infrastructure in the state. He said that two separate MOUs were signed for these projects with ADB during September 2008 and August 2010.
He said that eight-year multi-tranche were financing construction of four run-of-river hydropower projects namely Sawra Kuddu (111MW), Kashang I, II and III (195MW), Saiji Project (100MW)and Shongtong-Karcham(450MW)power projects with combined capacity of 808 MW.
He said that a MOU was signed on September 11, 2008 between ADB and Government of India for funding USD 800 million projects, which have been approved for Clean Envergy Development Investment Programme under CDM regime (Clean Development Mechanism).
Dhumal said that total cost of four projects was estimated at USD 1,500 million and the funds meeting the investment gap would be raised from other financial Institutions and Government of Himachal Pradesh in the ratio of 16.7 per cent and 30 per cent respectively.
The multi-tranche financing facility allows ADB to engage the state government in a continuous long-term dialogue on its clean energy policies, besides providing multiple loans to support a range of projects under the state’s clean energy development programme, he said.
He said that being a special category state the that funding would include 90 per cent grant from centre and 10 per cent loan.
Chief Minister said that under infrastructure Development Investment programme for Tourism ADB approved USD 95.16 million (70 per cent assistance).
The first phase of the project included development of parking lots, Tourists information centers, camping cites, treks, bird watching tower at Pong Dam and restoration of Masooor Temple.
Chief Minister said that five HEP namely Tidong, Kashang Stage IV, Gyspa, Renuka Dam and Chirgaon Majhgaon had also been proposed for funding by the state government for ADB assistance and were consideration of the Union Government and the ADB.
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