Tag: Bangalore Electricity Supply Company Limited

Asian Development Bank approves $190 mn loan to upgrade power distribution system in Bengaluru

The Asian Development Bank (ADB) announced it has approved a combined sovereign and non sovereign loan of $190 million to modernize and upgrade the power distribution system in Bengaluru city in the state of Karnataka, India. The ADB assistance for the Bengaluru Smart Energy Efficient Power Distribution Project includes a $100 million sovereign loan and…