Categories: Agreements

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

The ADB seal at the Asian Development Bank building in the Philippines.

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.

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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.

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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.