ADB to provide USD 563 million loan for power projects in UP, Meghalaya
Multi-lateral funding agency Asian Development Bank (ADB) on Tuesday said it will provide loan of USD 562.8 million (about Rs 4,143 crore) for power projects in Uttar Pradesh and Meghalaya.
The Asian Development Bank (ADB) has approved a USD 430 million multi-tranche financing facility (MFF) to improve the quality and reliability of electricity supply in Uttar Pradesh in India, it said in a release.
Besides, ADB has also signed a USD 132.8 million loan to strengthen and modernise the distribution network and improve the quality of power supplied to households, industries, and businesses in Meghalaya, it said in a separate release.
