World Bank commits $200 million to boost renewable energy uptake in Himachal Pradesh

World Bank has signed a $200 million project with the Government of India and the Government of Himachal Pradesh to facilitate power sector reforms and increase the share of renewable energy in Himachal Pradesh’s electricity generation.
This initiative aligns with the state’s overarching goal of incorporating an additional 10,000 MW of renewable energy capacity, advancing the transition to a more sustainable power supply. The Himachal Pradesh Power Sector Development Programme by the World Bank aims to improve the state’s utilisation of its current renewable energy sources, such as hydropower, and support the expansion of its renewable energy portfolio. Furthermore, the programme will assist Himachal Pradesh in establishing a centralised energy trading desk, facilitating the sale of excess hydropower to other states.