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Government of India AIIB sign agreement for $304 million to improve reliability, capacity and security of the power transmission network in the state of Assam The Government of India and the Asian Infrastructure Investment Bank (AIIB) today signed a loan agreement for a $304 million Assam Intra-State Transmission System Enhancement Projectto improve reliability, capacity and security of the power transmission network in the State of Assam. The project aims to strengthen Assams electricity
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FAQ :
The loan agreement signed is for $304 million.
The state of Assam will benefit from this agreement.
The project aims to improve the reliability, capacity, and security of Assam's power transmission network, ultimately working towards affordable, secure, efficient, and reliable 24/7 power.
The project will involve constructing new transmission substations, upgrading existing ones, laying transmission lines, and providing technical assistance.
Assam Electricity Grid Corporation Limited (AEGCL) is responsible for the operation, maintenance, and development of the transmission system in the state.
The total estimated cost is $365 million, with AIIB financing $304 million and the Government of Assam providing $61 million in counterpart funding.
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