Categories: State News

ADB approves $100 million loan to upgrade power distribution system in Bengaluru

The Asian Development Bank (ADB) will provide a USD 100 million (around Rs 730 crore) loan to modernise and upgrade the power distribution system in Bengaluru city. Besides the USD 100 million sovereign loans, ADB will provide a USD 90 million loan without sovereign guarantee for the project to Bangalore Electricity Supply Company Ltd (BESCOM), one of the five state-owned distribution utilities in Karnataka.

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About the Project:

In parallel to underground distribution cables, over 2,800 km of fibre optical cables will be installed to strengthen communication network. Moving about 7,200 km of distribution lines underground will help reduce technical and commercial losses by about 30 per cent.
The fibre optical cables will be used for smart metering systems, distribution automation system (DAS) in the distribution grid, and other communication networks.
The project will install 1,700 automated ring main units adapted with a DAS to monitor and control the distribution line switch gears from the control centre
The loan will strengthen the capacity of BESCOM in operation and maintenance of underground cabling, environment and social safeguards, financial management and commercial financing. Improved financial management capability will help BESCOM access domestic and international commercial financing market.

Important takeaways for all competitive exams:

Chief Minister of Karnataka: B.S. Yediyurappa; Governor: Vajubhai Vala.
President of ADB: Masatsugu Asakawa; Headquarters: Manila, Philippines.
ADB Established: 9 December 1966.

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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.