{"id":393378,"date":"2021-01-05T09:44:52","date_gmt":"2021-01-05T04:14:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=393378"},"modified":"2021-01-05T10:51:51","modified_gmt":"2021-01-05T05:21:51","slug":"adb-to-provide-100-million-loan-to-upgrade-power-distribution-in-bengaluru","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adb-to-provide-100-million-loan-to-upgrade-power-distribution-in-bengaluru\/","title":{"rendered":"ADB to provide $100 million loan to upgrade power distribution in Bengaluru"},"content":{"rendered":"<p>New Delhi: The Asian Development Bank (ADB) will provide a USD 100 million (around Rs 730 crore) loan to modernise and upgrade the power distribution system in Bengaluru city, a finance ministry statement said. Beside the USD 100 million sovereign loan, ADB will provide a USD 90 million loan without sovereign guarantee for the project to Bangalore Electricity Supply Company Ltd (BESCOM), one of the five state-owned distribution utilities in Karnataka.<\/p>\n<p>&#8220;The ADB and the Government of India on December 31, 2020 signed a USD 100 million loan to modernise and upgrade the power distribution system to enhance the quality and reliability of electricity supply in Bengaluru city in the state of Karnataka,&#8221; the statement said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Delhi: The Asian Development Bank (ADB) will provide a USD 100 million (around Rs 730 crore) loan to modernise and upgrade the power distribution system in Bengaluru city, a finance ministry statement said. Beside the USD 100 million sovereign loan, ADB will provide a USD 90 million loan without sovereign guarantee for the project to Bangalore Electricity Supply Company Ltd (BESCOM), one of the five state-owned distribution utilities in Karnataka. &#8220;The ADB and the Government of India on December 31, 2020 signed a USD 100 million loan to modernise and upgrade the power distribution system to enhance the quality [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-393378","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/393378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=393378"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/393378\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=393378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=393378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=393378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}