adb govt of india sign 48m loan agreement
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

ADB, Govt of India Sign $48m Loan Agreement

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice ADB, Govt of India Sign $48m Loan Agreement

The Asian Development Bank
New Delhi - QNA

The Asian Development Bank (ADB) and the Government of India signed Tuesday a $48 million loan to help Assam state continue its drive to improve access to efficient and reliable power.

    This is the second tranche loan of the US$300 million multi tranche-financing facility for the Assam Power Sector Investment Program that was approved by the ADB Board in July 2014, according to ADB press release.

    The project will help Assam to enhance the capacity and efficiency of its power distribution system to improve electricity services for end users. The first tranche loan of $50 million was signed in February 2015.

    The project, which is expected to be completed by December 2019, will help APDCL add substation capacity, expand and improve the medium-voltage network, reduce system losses by 3%, and enhance energy efficiency through the renovation and modernization of existing 33/11 kV substations.

    Part of the loan will be used to strengthen the institutional capacity of APDCL through setting up independent meter testing laboratories and load dispatch centers and installing a centralized uniform billing system for 1.2 million customers.

    The loan of US$48 million from ADB’s ordinary capital resources makes up 80% of the total project cost of almost $60 million, with the Government of Assam providing counterpart finance of $12 million.

    The loan has a 25-year term, including a five-year grace period with an annual interest rate determined in accordance with ADB's LIBOR-based lending facility. 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

adb govt of india sign 48m loan agreement adb govt of india sign 48m loan agreement

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

adb govt of india sign 48m loan agreement adb govt of india sign 48m loan agreement

 



GMT 16:06 2016 Thursday ,31 March

March 20 - April 19

GMT 22:57 2017 Friday ,29 September

Woman beats disabled mother-in-law to death

GMT 08:46 2012 Sunday ,15 January

UN chief tells Assad: \'Stop killing your people\'

GMT 09:40 2016 Wednesday ,20 July

To conquer world stumbles, for now

GMT 15:14 2011 Tuesday ,14 June

The world marks National Blood Week

GMT 19:13 2017 Wednesday ,18 January

With Voortman Multi System Integration

GMT 14:14 2017 Thursday ,10 August

Enjoy the good life, Del Potro tells Djokovic

GMT 11:15 2017 Friday ,24 February

Wonderland fashion editor Toni-Blaze signs

GMT 07:58 2017 Thursday ,24 August

Unexploded bombs dot Iraqi cities

GMT 11:37 2017 Sunday ,26 November

Israel confiscates Private owned Palestinian land

GMT 16:27 2015 Sunday ,26 April

Man United boss

GMT 17:31 2017 Friday ,11 August

President receives head of EU Delegation to Yemen
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice