HomeNewsAgreements MoUADB approved $100 million loans for power distribution system in Bengaluru

ADB approved $100 million loans for power distribution system in Bengaluru

ADB approved $100 million loans for power distribution system in Bengaluru

On 31st December 2020, The Asian Development Bank (ADB) has signed a loan agreement with Indian Govt. the loan amount will be $100 million and it will be used for upgrading the power distribution system in Bengaluru to boost the quality and reliability of electricity supply in the city.

  • Along with it, The ADB will also give $90 million without sovereign guarantee loan for the project to Bangalore Electricity Supply Company Limited (BESCOM).

Jump To:

Faq:

Q.1 ADB will give how much amount for upgrading the power distribution system in Bengaluru?

the loan amount will be $100 million and it will be used for upgrading the power distribution system in Bengaluru to boost the quality and reliability of electricity supply in the city.


To Subscribe YoutubeJoin Us
To Join Facebook PageJoin Us
To Join InstagramJoin Us

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Latest Articles