With ADB, India has signed a USD 231 million loan agreement to augment electricity generation capacity in the State of____.

The correct answer is Assam . Key Points The Asian Development Bank (ADB) and the Government of India on 30th December 2020 signed a $ 231 million loan to augment electricity generation capacity in the state of Assam through the construction of 120 megawatts (MW) hydroelectric power plant that will enhance the availability of electricity for households. This is the third tranche loan for the ongoing Assam Power Sector Investment Programme that was approved by the ADB Board in July 2014 . The programme, including its two previous tranches, focuses on enhancing the capacity and efficiency of the energy generation and distribution systems in Assam to improve electricity service to end-users. The signatories to the loan agreement were Dr. C. S. Mohapatra, Additional Secretary, Department of Economic Affairs in the Ministry of Finance who signed for the Government of India, and Mr. Hoe Yun Jeong, Officer-in-Charge of ADB’s India Resident Mission, who signed for ADB. After signing the loan agreement, Dr Mohapatra stated that the project will add to Assam’s power generation capacity from a clean hydroelectric sources and improve electricity availability. Important Points ADB: It is a regional development bank Established on 19 December 1966. Headquartered — Manila, Philippines. President - Masatsugu Asakawa Official United Nations Observer. Membership : The bank admits the members of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP, formerly the Economic Commission for Asia and the Far East or ECAFE) and non-regional developed countries. Currently, it has 68 members. India was a founding member of the Asian Development Bank (ADB) in 1966 and is now the bank’s fourth-largest shareholder and top borrower.