India moves towards efficient power system operations and trading with World Bank loan.

0 Comments | M2 Presswire, May, 2001

M2 PRESSWIRE-4 May 2001-WORLD BANK: India moves towards efficient power system operations and trading with World Bank loan (C)1994-2001 M2 COMMUNICATIONS LTD RDATE:04052001 NEW DELHI -- The Government of India will continue its ongoing reform program to improve coordination in power system operations and promote inter-regional and interstate power trading with assistance from a US$450 million loan for the Second POWERGRID System Development Project announced today by the World Bank.

POWERGRID-India's national transmission services company-has made substantial progress in improving coordination and consolidation of fragmented transmission services. However, power failures and lack of capacity in India's power sector result in frequent blackouts and...

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