THDC India Ltd has received loan of US$648 million from the World Bank for a hydropower project in Uttarakhand.
With the loan, the 444-MW Vishnugad Pipalkoti hydroelectric project has achieved full financial closure, news agencies reported.
The project is expected to be completed by 2016, reports indicate.
THDC has a portfolio of hydro projects in Uttarakhand, Maharashtra and Bhutan with aggregate capacity of 8,868 MW.
In other news, IFC, a member of the World Bank Group, and the European Bank for Reconstruction and Development, recently announced US$115.5 million in funding for a hydropower project in Georgia.
For more hydropower news and information, click here