UPSC Articles
ADB, India sign $231 million loan to enhance power generation capacity in Assam
Part of: GS Prelims and GS-II – International relations & GS-III – Infrastructure; Energy
In news
- The Asian Development Bank (ADB) and the Government of India signed a $231 million loan to augment electricity generation capacity in Assam through construction of a 120 megawatts (MW) hydroelectric power plant.
Key takeaways
- This is the third tranche loan for the ongoing Assam Power Sector Investment Programme that was approved by the ADB Board in July 2014.
- The programme, including its two previous tranches, focuses on enhancing capacity and efficiency of the energy generation and distribution systems in Assam to improve electricity service to end users.
- Increased supply of affordable and clean electricity facilitated through the project will help improve living conditions, promote business expansion, and increase employment opportunities in the state beside reducing greenhouse gas emissions.
- The project is run-of-the-river project over Kopili river which will help increase electricity supplied from clean energy by 469 gigawatthour (GWh) by 2025 and reduce greenhouse gas emissions by 360,000 tons of carbon dioxide annually.
- A $2 million grant from Japan fund for poverty reduction (JFPR) is also associated with the project to finance equipment and consulting services.
Related articles:
- ADB signs $500 million loan for Delhi-Meerut RRTS Corridor: Click here
- ADB and India sign $177 million loan for Maharashtra roads: Click here
- 15-billion ADB loan to India to fund COVID-19 emergency: Click here
