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Japan International Cooperation Agency to extend Rs 10 billion for infrastructure projects including power evacuation and transmission

Earlier this year, we had talked about the visit of a technical team from Japan International Cooperation Agency (JICA) to Chennai  to help the Tamil Nadu Transmission Corporation (TANTRANSCO) enhance its operations.

Besides offering financial support to set up power transmission lines, the team of experts will offer technical guidance to the Corporation.

Finance Minister O. Panneerselvam, while presenting the budget, stated that it was programmed to strengthen the transmission network at a cost of about Rs. 3,573 crore to be funded by the JICA.

The State government and the Corporation, which have agreed to accept the funding, are waiting for an approval from the Department of Economic Affairs in the Union Finance Ministry. “We are planning to erect 400 Kilovolt (KV) lines. Now, the team will come and tell us how to improve the quality of the sub-stations and transmission network. They are providing the expertise free of cost and we have to make best use of this training as they are decades ahead of us when it comes to quality of power transmission lines,” a senior official had said then.

Reports indicate that, the Japan International Cooperation Agency has “in principle” agreed to extend Rs 1,000 crore in the first round of funding for various infrastructure development projects in Tamil Nadu according to a highly-placed government official. According to him, the funds will be used for various small and big infrastructure projects such as building roads and setting up power transmission lines. Besides offering financial support to set up power transmission lines, a team of experts from the agency will also offer the Corporation technical guidance, as we had indicated earlier.

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