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ADB, India sign $300 million loan to upgrade power distribution network in UP

The Asian Development Bank (ADB) and the Government of India 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 loan will be used in upgrading the distribution network which 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 of Uttar Pradesh.

Overall, the $430 million multi-tranche financing facility (MFF) approved for the project constituting two tranches, envisages conversion of 65,000 kilometers (km) of rural low-voltage distribution lines from bare conductors to aerial bundle conductors (ABC) to create a robust distribution network that will benefit an estimated 70 million people in 46,000 villages. The feeder separation network to be established over 17,000 km for agriculture and domestic consumers will facilitate the use of solar energy to meet the agriculture demand, increase in electricity supply duration to rural residential consumers, and energy and water conservation. In addition, the project will improve the gender inclusivity, corporate governance, and financial management capacity of Uttar Pradesh Power Corporation Limited (UPPCL).

This project will also involve a pilot testing where it will engage with local women self-help groups as community collection agents which will also help increase their family income. 

The MFF is proposed to be complemented by a $ 2 million technical assistance (TA) grant from ADB’s TA Special Fund and the Japan Fund for Poverty Reduction to strengthen the gender inclusivity and institutional capacity building of Uttar Pradesh power sector.

#UttarPradesh #PowerSector #ADB
19-December-2020
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ADB, India sign to strengthen Meghalaya's Power

The Asian Development Bank (ADB) and the Government of India today signed a $132.8 million loan to strengthen and modernize the distribution network and improve the quality of power supplied to households, industries, and businesses in India’s northeastern state of Meghalaya.

The project will construct 23 substations; renovate and modernize 45 substations, including the provision of control room equipment and protection systems; install and upgrade 2,214 kilometres of distribution lines and associated facilities covering three out of the six circles in the state. Installation of smart meters will benefit about 180,000 households. 

The loan is proposed to be supplemented by a $2 million grant from ADB’s Japan Fund for Poverty Reduction that will finance renewable energy mini-grids for improving power quality and supporting income generation activities, especially for women and other socially disadvantaged groups in three villages and three schools.

Though Meghalaya has achieved 100% electrification, remote rural areas in the state suffer from frequent power interruptions due to overloaded distribution networks and substations that use outdated technology, resulting in high aggregate technical and commercial (AT&C) losses. 

The Government of India and the state government of Meghalaya embarked on a joint 24x7 Power for All Meghalaya initiative to provide uninterrupted, quality, reliable, and affordable power supply to all electricity consumers.

The project will help develop a distribution sector road map and a financial road map for the Meghalaya Power Distribution Corporation Limited (MePDCL). These road maps will strengthen the capacity of MePDCL to operate and manage the distribution networks.

#Meghalaya #ADB
01-December-2020

Loan agreement signed for Maharashtra roads' upgradation

The Asian Development Bank (ADB) and the Government of India today signed a USD 177 million loan to upgrade 450 kilometers (km) of state highways and major district roads in the state of Maharashtra.

The signatories to the Maharashtra State Road Improvement Project were Mr Sameer Kumar Khare, Additional Secretary (Fund Bank and ADB), Department of Economic Affairs in the Ministry of Finance who signed for the Government of India, and Mr Kenichi Yokoyama, Country Director of ADB's India Resident Mission who signed for ADB, a government release informed. 

After signing the loan agreement, Mr Khare said the project will improve connectivity between rural areas and urban centres in the state enabling rural communities to better access markets, employment opportunities and services. Improved mobility will expand development and livelihood opportunities outside of the state’s major urban centers to second-tier cities and towns thus reducing income disparities.

Mr. Yokoyama said that the project will also strengthen road safety measures by developing a road safety audit framework that will protect vulnerable groups such as the elderly, women, and children, following the international best practice. Another feature of the project is to update road maintenance system by encouraging 5-year performance-based maintenance obligations to contractors to sustain asset quality and service levels.

Overall the project will upgrade 2 major district roads and 11 state highways, with combined length of 450 km, to 2-lane standard across seven districts of Maharashtra, and improve connectivity to national highways, interstate roads, seaports, airports, rail hubs, district headquarters, industrial areas, enterprise clusters and agricultural areas.

The project will also focus ontraining the Maharashtra Public Works Department project staff to build their capacity inclimate change adaptation and disaster resilient features in road design, road maintenance planning and road safety, the release stated. 

#Maharashtra #GovernmentofIndia #ADB
20-October-2020

Delhi Meerut RRTS gets funds

The Asian Development Bank (ADB) and the Government of India today signed a $500 million loan, the first tranche of a total $1 billion facility, to build a modern, high-speed 82-kilometer Delhi-Meerut Regional Rapid Transit System (RRTS) corridor that will improve regional connectivity and mobility in India’s national capital region (NCR). 

The signatories to the loan agreement for the Delhi-Meerut RRTS Investment Project were Shri Sameer Kumar Khare, Additional Secretary (Fund Bank and ADB), Department of Economic Affairs in the Ministry of Finance who signed for the Government of India, and Mr. Kenichi Yokoyama, Country Director of ADB’s India Resident Mission who signed for ADB.

#Delhi #Meerut #RRTS #ADB
09-October-2020