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ADB Approves ₹13.9 Billion Loan to Upgrade Bengaluru’s Power Distribution System

The aid will include ₹7.36 billion as a sovereign loan and ₹6.62 billion as a non-sovereign loan

December 7, 2020

/ Rakesh Ranjan
/ Finance and M&A, Other
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In a significant development, the Asian Development Bank (ADB) has approved a loan of $190 million (~₹13.9 billion) to upgrade the existing power distribution system in the city of Bengaluru in Karnataka, according to a press release.

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Rakesh Ranjan

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ADBBengaluruBESCOMDISCOMKarnatakapower distribution
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