Assam signs $231-m loan agreement with ADB to strengthen power generation capacity

The ADB and the Government of India signed the loan agreement on December 30.
Assam signs $231-m loan agreement with ADB to strengthen power generation capacity
Guwahati city at nightSnappyGoat.com

GUWAHATI

The Asian Development Bank (ADB) will provide a USD 231-million loan to augment electricity generation capacity in Assam through construction of a 120-megawatt (MW) hydroelectric power plant.

The ADB and the Government of India signed the loan agreement on December 30.

This is the third tranche loan for the ongoing Assam Power Sector Investment Program which the ADB board approved in July 2014. The programme, including its two previous tranches, focuses on enhancing capacity and efficiency of the energy generation and distribution systems in Assam to improve electricity service to end users.

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“Part of the loan will be used for project capacity building of Assam Power Generation Corporation Limited (APGCL) on construction, operations and maintenance and safeguards,” ADB said in a release.

The project will finance APGCL’s enterprise resource planning system. It will also contribute to improving gender equity by enhancing the gender capacity of APGCL and improve women’s participation and contribution in training and community-led interventions. (PTI)

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