Himachal Pradesh (HP) is situated in the northern parts of the India and is surrounded by mountain ranges in North-West, South-East, and dominated by great Himalayas in North and East. HP is blessed with huge hydropower potential due to thawing of glaciers and frozen lakes. HP has more than 23,000 MW harness able hydropower potential across 5 perennial river basins. HP with around 15 percent of the hydropower potential at the national level and over 43 percent hydropower potential in the northern region has a critical role to play in India’s Energy Transitions journey. In order to realize its harness able potential, the state government had formulated Hydro Power Policy in 2006. HP has 4,335 MW installed power generation capacity.

In this project GGGI will undertake the groundwork required to prepare the state agencies to receive the proposed International Bank for Reconstruction and Development (IBRD) Loan. GGGI and the World Bank have agreed to enter into a partnership to develop, implement and deliver the underlined capacity building activities namely, integrated resource planning including digitization and visualization tools for the power utilities, smart grid deployment, setting up of a Trading Desk and strengthening institutional capacities.

This project will develop an Integrated Resource Plan (IRP) and Digitization Plan for the electricity grid network management to allow state power/electricity utilities to develop and deploy Himachal Pradesh’s renewable energy resources (including hydropower) in a sustainable manner. This project will

In order to receive World Banks IBRD loan building the infrastructure and institutional capacity building is critical for the purpose of periodic processing of the loan and the effective implementation of the Program. Hence, this project will focus on following three result areas i.e. – a) Integrated Resource Planning (IRP) and its sustainability, b) Promoting resource-efficient investments, c) Strengthening institutional capacities of the various power sector utilities/agencies in HP.

250MW Solar PV project proven technically and commercially viable. The highway is accepted and marketed as net neutral. Investment Memorandum (IM) prepared by GGGI is accepted for investment decision. Debt financing of ~ US$ 145M secured for the project. For project implementation, MSRDC has incorporated a company named ‘Mahasamruddhi Renewable Energy Limited’ in September 2020. MSRDC is planning to bid out the EPC and implement the project to commemorate their future vision of E-Mobility.  The project will wheel RE power for all future E-Mobility requirement of the highway.

GGGI’s support to MSRDC’s greening agenda by facilitating the design and debt availability for 250 MW of solar PV linked to the development of Samruddhi Mahamarg is completely aligned with the Government of India’s renewable energy targets of 100 GW of solar by the year 2022. GGGI designed project would directly cater to the target.