Centre, World Bank to provide Rs 16 bn for power sector in Himachal

26 Aug 2022 CW Team

Chief Minister Jai Ram Thakur has said the Central government would provide about Rs 16 billion through the World Bank for the Himachal Pradesh Power Sector Development Programme (HPPSDP). With the state equity, the total programme cost would be around Rs 20 billion.

“The World Bank funding under the programme is expected to be available by early next year. Both the World Bank and the Department of MPP and Power are working expeditiously towards the finalisation of the programme. The duration of the programme will be five years from 2023 to 2028,” he said. The Chief Minister said this programme is at holistic power sector reforms to allow improvement in renewable energy integration. “The key result areas through which this is being targeted are improvement in the utilisation of the state’s power sector resources in renewables, improvement in reliability of the state’s grid at transmission and distribution levels and strengthening institutional capacities of various state’s power utilities/agencies,” he added.

Thakur said the programme also aimed at installing new capacities in solar generation of about 200 MW, through the HPPCL and HIMURJA. “It is important for the state to meet its power requirements to allow optimal trading. Hence, the programme shall also focus on strengthening the power network within the state; at transmission level (by HPPTCL) and at the distribution level (by HPSEBL) in 13 towns,” he said.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..