World Bank pledges USD 200 million to propel Himachal Pradesh’s ‘Green State’ vision

November 9, 2023

In a significant move towards green energy expansion, the Government of India, the Government of Himachal Pradesh, and the World Bank have signed a USD 200 million project aimed at advancing power sector reforms in Himachal Pradesh.
The project will focus on increasing the share of renewable energy (RE) in the state’s electricity generation, aligning with Himachal Pradesh’s goal to add 10,000 megawatts of additional RE capacity.
Himachal Pradesh is on a mission to become a ‘Green State’ by meeting all its energy needs through renewable and green energy sources by 2030.
Currently, more than 80 per cent of the state’s energy demands are met through hydropower.
The Himachal Pradesh Power Sector Development Program, backed by the World Bank, will aid the state in optimizing its existing RE resources, particularly hydropower, while diversifying its RE sources.