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$750-mn ADB loan for Powergrid project

$750-mn ADB loan for Powergrid project

The Asian Development Bank (ADB) will extend a loan of $750 million for the national power transmission improvement project of Power Grid Corporation of India. The loan will finance the project for bulk transmission of 3,000 MW of electricity from independent power producers in Chhattisgarh to areas in the north, including Delhi.