Home   »   ADB sign $132.8 million loan agreement...

ADB sign $132.8 million loan agreement for Meghalaya’s Power supply

ADB sign $132.8 million loan agreement for Meghalaya's Power supply_4.1

The Asian Development Bank (ADB) and the Government of India have signed a USD 132.8 million loan agreement for Meghalaya Power Distribution Sector Improvement Project. The project aims to strengthen and modernize the distribution network and improve the quality of power supplied to households, industries, and businesses in the northeastern state of Meghalaya.

WARRIOR 4.0 | Banking Awareness Batch for SBI, RRB, RBI and IBPS Exams | Bilingual | Live Class

About the Project:

  • This project supports Meghalaya’s ‘24×7 Power for All’ initiative and will help the State reduce its high technical and commercial losses through network strengthening, metering and billing efficiency improvements.
  • The project will construct 23 substations; renovate and modernise 45 substations, including the addition of control room equipment and protection systems; and install and upgrade 2,214 km of distribution lines and associated facilities covering three out of the six circles in the State.
  • The installation of smart meters will benefit about 180,000 households.

Important takeaways for all competitive exams:

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

Find More News Related to Agreements

ADB sign $132.8 million loan agreement for Meghalaya's Power supply_5.1

Leave a comment

Your email address will not be published. Required fields are marked *