India to Upgrade Rural Power Distribution Networks
The Asian Development Bank (ADB) and the government of India have signed a $300 million loan to upgrade rural power distribution networks to provide reliable electricity supply to consumers in the state of Uttar Pradesh.
The signatories to the tranche 1 loan for Uttar Pradesh Power Distribution Network Rehabilitation Project were additional secretary to the department of economic affairs in the ministry of finance, C. S. Mohapatra, who signed for the government of India, and ADB India resident mission country director Takeo Konishi, who signed for ADB.
After signing the loan agreement, Mohapatra said that upgrading the distribution network will help improve the quality and reliability of electricity supply, reduce the aggregate technical and commercial (ATC) losses, and restore the financial sustainability of the rural electricity supply in the state.
Photo courtesy of Lukas Bato.