Quick Summary
The Asian Development Bank (ADB) and the Government of India today signed a $300 million loan to upgrade rural power distribution networks to provide reliable electricity supply to consumers in the state of Uttar Pradesh. The signatories to the tranche 1 loan for Uttar Pradesh Power Distribution Network Rehabilitation Project were Dr. C. S. Mohapatra, Additional Secretary, Department of Economic Affairs in the Ministry of Finance who signed for the Government of India, and Mr. Takeo Konishi,
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FAQ :
The loan agreement is to upgrade rural power distribution networks in Uttar Pradesh, aiming to provide a reliable electricity supply to consumers.
The loan is for $300 million. It was signed by Dr. C. S. Mohapatra for the Government of India and Mr. Takeo Konishi for the Asian Development Bank.
Benefits include improved quality and reliability of electricity supply, reduced aggregate technical and commercial losses, and restoration of financial sustainability for rural electricity supply.
It will establish separate feeders for agriculture and residential consumers, pilot engaging women's self-help groups as community collection agents to improve bill collection, and strengthen financial management.
The project envisages converting 65,000 km of rural low-voltage distribution lines to aerial bundle conductors, benefiting an estimated 70 million people in 46,000 villages.
Yes, the feeder separation network will facilitate the use of solar energy to meet agricultural demand.
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