Categories: Agreements

India, AIIB sign agreement to improve Assam power transmission

The Government of India and the Asian Infrastructure Investment Bank (AIIB) has signed a $304 million loan agreement on February 23, 2021, for the Assam Intra-State Transmission System Enhancement Project. The project aims to improve the reliability, capacity and security of the power transmission network in the northeastern state of Assam.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

About the project:

  • It includes constructing 10 transmission substations and laying transmission lines with the associated infrastructure, upgrade 15 existing substations, and transmission lines and existing ground wire to optical power ground wire and provide technical assistance to support project implementation.
  • The total estimated cost of the project is $365 million. AIIB will finance $304 million while the remaining funding of $61 million will be done by the state government.

Important takeaways for all competitive exams:

  • President of Asian Infrastructure Investment Bank: Jin Liqun.
  • Headquarters of AIIB: Beijing, China.
  • AIIB established: 16 January 2016.

Find More News Related to Agreements

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.

Leave a Comment
Share
Published by
Sumit Arora
6 years ago

Recent Posts

ISRO, ESA Extend Space Cooperation Agreement Until 2032

The Indian Space Research Organisation (ISRO) and the European Space Agency (ESA) have extended their…

5 hours ago

Mark Wood Retires from International Cricket After 11-Year England Career

England fast bowler Mark Wood announced his retirement from international cricket on September 22, 2026,…

5 hours ago

India Wins Asian Games 2026 Women’s Cricket Gold, Defeats Sri Lanka by 147 Runs

The Indian women’s cricket team won the gold medal at the Asian Games 2026 after…

6 hours ago

India Endorses G20 Energy Consensus on Access, Water Reuse and Critical Minerals

India has endorsed the consensus outcomes of the G20 Energy Abundance Ministerial, reinforcing its engagement…

7 hours ago

7th National Formulary of India 2026 Launched in New Delhi

The 7th edition of the National Formulary of India (NFI) 2026 was launched on September…

8 hours ago

Government Dissolves Digital Communications Commission After 37 Years

The Government of India has dissolved the Digital Communications Commission (DCC), the apex inter-departmental decision-making…

8 hours ago