ADB to finance power distribution network upgrade in India

The Asian Development Bank (ADB) has agreed to provide a loan to the Indian state of Meghalaya for upgrading the power distribution network and improving the power quality.

ADB’s $132.8m loan will be used to support the project that will see the construction of 23 new substations, renovation of 45 substations, and provision of control room equipment and protection systems.

ADB South Asia senior energy specialist Jaimes Kolantharaj said: “This project fully supports Meghalaya’s Power for All initiative in providing quality electricity 24 hours, seven days a week to households, industries, businesses, and the public.

“By modernising and improving the distribution network, the project will improve the operational efficiency of the distribution system and the financial sustainability of the distribution business in the state.

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