Finance
By: Shree1news, 04 AUG 2021The Government of India, the Central Water Commission, government representatives from 10 participating states and the World Bank today signed a $250 million project for long-term dam safety program and improving the safety and performance of existing dams across various states of India.
The Second Dam Rehabilitation and Improvement Project (DRIP-2) will strengthen dam safety by building dam safety guidelines, bring in global experience, and introduce innovative technologies. Another major innovation envisaged under the project, that is likely to transform dam safety management, is the introduction of a risk-based approach to dam asset management that will help to effectively allocate financial resources towards priority dam safety needs.
The project will be implemented in approximately 120 dams across the states of Chhattisgarh, Gujarat, Kerala, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Odisha, Rajasthan, and Tamil Nadu, and at the national level through the Central Water Commission (CWC). Other states or agencies may be added to the project during project implementation.
The agreement was signed by Additional Secretary, Department of Economic Affairs, Ministry of Finance on behalf of the Government of India; representatives from the state governments of Chhattisgarh, Gujarat, Kerala, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Odisha, Rajasthan, and Tamil Nadu; and Mr. Junaid Ahmad, Country Director, India on behalf of the World Bank.
World Bank support to dam safety in India includes the recently closed DRIP-1 ($279 million + $62 million Additional Financing) that improved the safety and sustainable performance of 223 dams in six states of India and one central agency.
Other important measures that DRIP-2 will support include flood forecasting systems and integrated reservoir operations that will contribute to building climate resilience; the preparation and implementation of Emergency Action Plans to enable vulnerable downstream communities to prepare for and enhance resilience against the possible negative impacts and risks of climate change; and the piloting of supplemental revenue generation schemes such as floating solar panels.
Source:PIB
visit at: www.shree1news.com
