With which among the following entities has Government of India signed a $304 million loan agreement for the Assam Intra-State Transmission System Enhancement Project?

The correct answer is AIIB . Key Points India and the Asian Infrastructure Investment Bank (AIIB) signed a $304 million loan agreement for the Assam Intra-State Transmission System Enhancement Project to improve the reliability, capacity, and security of the power transmission network in the northeastern state. The project aims to strengthen Assam’s electricity transmission system by constructing 10 transmission substations and laying transmission lines with the associated infrastructure . The project will also upgrade 15 existing substations, and transmission lines, and existing ground wire to optical power ground wire and provide technical assistance to support project implementation. The programme would strengthen the existing intrastate transmission network of Assam by augmenting it with newer networks to achieve affordable, secure, efficient, and reliable 24x7 power. Assam currently witnesses substantial energy and peak demand deficits. One of the main reasons for its power-deficit scenario is congestion of the electricity distribution and transmission networks. Additional Information The Asian Infrastructure Investment Bank is a multilateral development bank that aims to improve economic and social outcomes in Asia. The bank currently has 103 members as well as 21 prospective members from around the world. Headquarters: Beijing, China