The Asian Development Bank recently approved what amount of loan to increase renewable energy capacity and improve energy security in the State of Assam?

The correct answer is $434.25 million. Key Points The Asian Development Bank (ADB) approved a loan of $434.25 million to improve energy security and enhance renewable energy capacity in Assam. This loan is aimed at addressing the energy needs of Assam by utilizing renewable energy sources and upgrading its energy infrastructure. Assam has significant potential for renewable energy generation, and this project will help the state harness its resources effectively. The loan will contribute to Assam's efforts to reduce its dependency on conventional energy sources and promote sustainable and eco-friendly development. Additional Information Asian Development Bank: ADB is an international financial institution that provides loans, grants, and technical assistance to promote economic growth and development in Asia-Pacific countries. It focuses on sectors such as energy, infrastructure, education, and poverty alleviation. Renewable Energy in Assam: Assam has immense potential for renewable energy, especially in hydroelectric power and solar energy. This loan will help the state leverage its natural resources to generate clean and sustainable energy. Energy Security: Energy security refers to the uninterrupted availability of energy sources at affordable prices. This project aims to reduce Assam's reliance on fossil fuels and enhance its capacity to meet energy demands sustainably.