Question 530

The Asian Development Bank (ADB) and the Government of India on December 30, 2020 signed a _________ loan to augment electricity generation capacity in the state of Assam.(dec)

Answer

USD 231 million

Why?

The correct answer is- USD 231 million. ​ Key Points India signed a USD 231 million loan with ADB to augment electricity generation capacity in the State of Assam through the construction of 120 MegaWatts hydroelectric power plants. It will enhance the availability of electricity for households. It is the third tranche loan for the ongoing Assam Power Sector Investment Programme, approved by the ADB Board in July 2014.