Question 3598
Asia Development Bank has approved a $231 million loan in December 2020 to construct the Lower Kopili Hydroelectric Power (LKHEP) plant for which of the following states in India?
Answer
Assam
Why?
The correct answer is Assam . Key Points A $231 million loan has been authorised by the Asian Development Bank (ADB ) for the construction of the Lower Kopili Hydroelectric Power (LKHEP) project in Central Assam, India . This loan is part of a $300 million Assam Power Sector Investment Program that ADB authorised in 2014. It is the third and largest tranche . Up till this point, the project has updated the 70 MW Lakwa gas project and enhanced the state's distribution networks. This project would generate renewable energy and contribute to reducing the state of Assam's rising electricity consumption . Additionally, it will assist state power firms in decreasing their reliance on costly electricity produced from fossil fuels. Additional Information Asia Development Bank : The Asian Development Bank is a regional development bank . It was established on 19 December 1966 . It's headquartered in the Ortigas Center located in the city of Mandaluyong, Metro Manila, Philippines . The bank also maintains 31 field offices around the world to promote social and economic development in Asia.
