Asian Development Bank to lend $175 million to improve solar transmission

The Asian Development Bank has agreed to give a 20-year loan of $175 million to Power Grid Corp. of India Ltd to finance a proposed $450 million transmission project for transferring power from new solar power parks to the grid.

The ADB will offer usd 175 million loan to support construction of high voltage transmission systems to evacuate power from new mega solar parks to the inter-state grid and improve reliability of.

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India and the asian development bank (adb) have signed a loan agreement to improve the country’s solar power transmission system. "India and ADB have on Thursday signed a $175 million loan.

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New Delhi: The Asian Development Bank (ADB) has agreed to give a 20-year loan of $175 million to Power Grid Corp. of India Ltd to finance a proposed $450 million transmission project for.

New Delhi: Asian Development Bank has signed a $175 million loan agreement with the government to support construction of high voltage transmission systems for evacuation of power generated from new mega solar parks to the interstate grid, and improve reliability of the national grid system here.

The Asian Development Bank (ADB) has approved a US$175 million loan to India’s major network operator and utility Power Grid Corporation of India (Powergrid) relating to solar park transmission.

The ADB will offer USD 175 million loan to support construction of high voltage transmission systems to evacuate power from new mega solar parks to the inter-state grid and improve reliability of the national grid. The manila-headquartered asian development bank (ADB) and the government today signed an agreement to this effect.

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The Government of India and the Asian Development Bank (ADB) signed a $175 million loan agreement to support construction of high voltage transmission systems to evacuate power generated from new mega solar parks to the interstate grid, and improve reliability of the national grid system.

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