Quick Summary
The Asian Development Bank (ADB) and the Government of India today signed a $132.8 million loan to strengthen and modernize the distribution network and improve the quality of power supplied to households, industries, and businesses in Indias northeastern state of Meghalaya. The signatories to the Meghalaya Power Distribution Sector Improvement Project were Dr. C. S. Mohapatra, Additional Secretary (Fund Bank ADB), Department of Economic Affairs in the Ministry of Finance who signed for the
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FAQ :
The Asian Development Bank (ADB) and the Government of India have signed a loan agreement worth $132.8 million.
The loan aims to strengthen and modernise Meghalaya's power distribution network, improving the quality of power supplied to households, industries, and businesses.
The project will help reduce frequent power interruptions by strengthening distribution networks, renovating substations, and upgrading distribution lines, particularly in remote rural areas.
The project includes constructing 23 substations, renovating 45 substations, installing and upgrading 2,214 kilometers of distribution lines, and installing smart meters for about 180,000 households.
Yes, a $2 million grant from ADB's Japan Fund for Poverty Reduction will supplement the loan to finance renewable energy mini-grids for improving power quality and supporting income generation activities in select villages and schools.
The project will help develop distribution and financial road maps for MePDCL, strengthening its capacity to operate and manage the distribution networks effectively.
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