ADB approves $563 million loan for power projects in Uttar Pradesh and Meghalaya

The Asian Development Bank (ADB) has approved loan of $562.8 million for power projects in Uttar Pradesh and Meghalaya. It includes a $430-million multi-tranche financing facility (MFF) to improve the quality and reliability of electricity supply in Uttar Pradesh, and remaining $132.8 million loan to strengthen and modernise the distribution network and improve the quality of power supplied to households, industries, and businesses in Meghalaya.

The Uttar Pradesh Power Distribution Network Rehabilitation Project will finance the construction of a parallel network of 11 kV feeders with a total length of 17,000 km to separate the distribution of electricity between residential consumers and agriculture consumers. The MFF is complemented by a $2 million technical assistance (TA) grant from the ADB TA Special Fund and the Japan Fund for Poverty Reduction. The funding to Meghalaya will be used for construction of 23 substations; renovate and modernise 45 substations; install and upgrade 2,214 km of distribution lines and associated facilities covering three out of the six circles in the state. The loan will be supplemented by a $2 million grant from ADB Japan Fund for Poverty Reduction.

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