West Bengal secures USD135 million loan from World Bank for rural power distribution

West Bengal has secured a loan worth USD135 million from the International Bank for Reconstruction and Development (IBRD) to improve operational efficiency and reliability of electricity supply in select pockets in the state. 

The variable spread loan or floating interest loan will have a maturity of 17 years, including a grace period of seven years and will aim to strengthen distribution networks, invest in smart-grid technologies, and ensure financial sustainability of the state discom.  The West Bengal Electricity Distribution and Grid Modernisation Project aims to reduce distribution system losses, increase the capacity of the distribution network to meet the growing load demand, improve the overall reliability of the system, make the network resilient to climate disasters, and improve the institutional capacity of West Bengal State Electricity Distribution Company.

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