The Asian Development
Bank (ADB) and the Government of India on November 7 signed a
$48 million loan to help Assam to improve access to efficient and reliable
power.
This is the second tranche loan of the $300
million multi tranche financing
facility for the Assam Power Sector Investment Program that was approved by the ADB Board in July 2014.
The project will help Assam to enhance capacity and efficiency of its power distribution
system to improve electricity service to end users. The first tranche loan of $50 million was signed in
February 2015.
Key Points
This is the second tranche loan of the $300
million multi tranche financing
facility for the Assam Power Sector Investment Program that was approved by the ADB Board in July 2014.
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