ADB approves USD 132.8 mn loan to improve power distribution in Meghalaya_00.1
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ADB approves USD 132.8 mn loan to improve power distribution in Meghalaya

ADB approves USD 132.8 mn loan to improve power distribution in Meghalaya_50.1

The Asian Development Bank (ADB) has approved USD 132.8 million loan to Meghalaya, to improve and upgrade the power distribution network in the state. The fund will help in improving the distribution system & financial sustainability of the Meghalaya Power Distribution Corporation Limited (MePDCL).

The MePDCL has a huge outstanding against the power purchased from central power generating stations and to the Power Grid Corporation of India Limited (PGCIL). The loan will support in clearing the power outstanding dues.

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About the Project:

  • The project will construct 23 substations; renovate and modernize 45 substations, including the provision of control room equipment and protection systems; install and upgrade 2,214 kilometres of distribution lines and associated facilities covering three out of the six circles in the state.
  • It will replace antiquated electromechanical meters with smart meters, which will benefit about 180,000 households.
  • The project will help develop a distribution sector road map and a financial road map for the Meghalaya Power Distribution Corporation Limited (MePDCL). These road maps will strengthen the capacity of MePDCL to operate and manage the distribution networks.

Important takeaways for all competitive exams:

  • Meghalaya Chief Minister: Conrad Sangma.
  • Meghalaya Governor: Satya Pal Malik.
  • Meghalaya Capital: Shillong.

Find More State In News Here

ADB approves USD 132.8 mn loan to improve power distribution in Meghalaya_60.1

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