$100 mn ADB loan to up power distribution in Bengaluru
BENGALURU: The city’s power infrastructure is being overhauled in a big way. By 2022, all the overhead electricity cables will be replaced with underground power cables in all subdivisions of Bescom as part of the Bengaluru Smart Energy Efficient Power Distribution Project. The Asian Development Bank (ADB) will provide a $100 million loan to modernise and upgrade the power distribution system in Bengaluru city, a finance ministry statement said. The ADB and the Centre signed it on December 31.
