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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