The Government of India, the Government of Jharkhand and the World Bank signed in New Delhi a $310 million Loan Agreement for Jharkhand Power System Improvement Project to provide reliable, quality, and affordable 24×7 electricity to the citizens of Jharkhand.
The Jharkhand Power System Improvement Project will help build new power transmission infrastructure, as well as put in place systems to improve the technical efficiency and commercial performance of the state power sector utilities. The $310 Million Loan from the International Bank for Reconstruction and Development (IBRD), has a 5-year grace period, and a final maturity of 25 years.
Source- Press Information Bureau (PIB)
Static/Current Takeaways Important For IBPS Clerk Mains Exam 2018:
- World Bank President: Jim Yong Kim, Headquarters: Washington, D.C., United States.
- Jharkhand CM: Raghubar Das, Governor: Droupadi Murmu.