ADB commits $241 mn loan to improve power distribution in West Bengal

Quick Summary:

The Asian Development Bank (ADB) has approved a USD 241.3-million loan to improve electricity distribution in West Bengal in order to help enhance people's quality of life by ensuring reliable and sustainable power supply.

"This ADB programme is aligned with the government's Revamped Distribution Sector Scheme, which aims to strengthen the operational efficiency of power distribution companies," ADB Principal Energy Specialist Roka Sanda said in a statement.

Reliable and sustainable electricity distribution and service is essential to West Bengal's growth and development, the statement said.

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Category: BusinessFinance

Markets: IndiaBangladesh

Topics: Multilateral development banks Renewable energy Electricity distribution Financial management Corporate financial management Electric Utilities (NEC) Asia Azerishiq Separate electricity feeders Sustainable electricity distribution Principal Energy Specialist Roka Sanda West Bengal State Electricity Distribution Company Limited Asian Development Bank The Asian Development Bank

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-22 @ 13:23:06 (6 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 313 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23196204

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