In 1994 the World Bank had withdrawn $750 million in funding for power projects in India following Indian states refusing to stop giving away electricity. It is now back on the scene with a plan to restructure the state power sector in India.
The World Bank has recently announced a 350 million dollar loan to the eastern state of Orissa, to restructure management and improve power generation and distribution. The project will split the State Electricity Board into separate generation, transmission and distribution companies. This is expected to reduce the power tariff and develop infrastructural facilities.
More details on this project will be available very soon, please do check back in a day or two.
