India and Japan on signed an Rs 1,817 crore loan agreement for the construction of the Turga pumped storage hydel power project at Purulia in West Bengal, an official statement.
The project will contribute to the industrial development and living standards in the state, the Ministry of Finance said in the statement.
The Japanese Official Development Assistance loan agreement was signed here between Ministry of Finance Additional Secretary C.S. Mohapatra and Japan International Cooperation Agency (JICA) New Delhi Chief Representative Katsuo Matsumoto.
India and Japan have had a long history of bilateral development cooperation since 1958 and the economic cooperation between India and Japan has steadily progressed in the last few years.
TURGA PUMPED STORAGE PROJECT
The Turga Pumped Storage Project on Turga nala is a closed loop type Pumped Storage Project located in Purulia district of West Bengal.
The Turga Pumped Storage Project envisages utilization of rainfall in the catchment of the Turga Nala in Ayodhya hills for peak power generation for a Pumped Storage type project development. The project envisages construction of Upper Dam (C.A. 8.29 Sq. Km) across Turga Nala, a tributary of Subarnarekha river and a water conductor system with an underground Power House on the downstream of Upper Dam and a Lower Dam (augmenting the existing Turga Dam of I&W Dte., Govt. of West Bengal) having intermediate catchment of 4.37 sq. km (total C.A. 12.66 sq. km).
The Project comprises of four Reversible Pump-Turbine units each of 250 MW Capacity installed in underground Power House. Two of these units will be variable speed machines and the other two will be fixed speed machines.