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, 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.

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Sumit Arora
5 years ago

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