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  1. Power Grid inks USD 500 million loan pact with ADB

Power Grid inks USD 500 million loan pact with ADB

State-run power transmission utility Power Grid Crop today said it will get a loan of USD 500 million from the Asian Development Bank (ADB) for its various projects.

By: | New Delhi | Updated: August 18, 2017 5:51 PM
adb, asian development bank, adb news, adb latest news, banking and finance, asian development bank news “Power Grid has entered into a loan agreement with ADB on August 17, 2017, for an amount of USD 500 million,” Power Grid Corp said in a BSE filing. (Reuters)

State-run power transmission utility Power Grid Crop today said it will get a loan of USD 500 million from the Asian Development Bank (ADB) for its various projects. “Power Grid has entered into a loan agreement with ADB on August 17, 2017, for an amount of USD 500 million,” Power Grid Corp said in a BSE filing.

According to the statement, the proceeds of the loan are proposed to be utilised for funding of Green Energy Corridor (Part D); 800KV High Voltage Direct Current (HVDC) bipole link between Western Region (Raigarh, Chhattisgarh) and Southern Region (Pugalur, Tamil Nadu) and 320 KV HDVC link between Pugalur and North Trichur (Kerala).

(Further details awaited)

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