"The senior secured financing will be used to commission a new 66/11-kilovolt grid, augment and expand transformers, substations, feeder lines, and switching stations, install smart meters, and replace obsolete electrical equipment and meters," said Tata Power in an exchange filing on Monday. Asian Development Bank, Tata Power Sign Deal to Enhance Power Distribution in Delhi.
Asian Development Bank (ADB) and Tata Power Delhi Distribution Limited (TPDDL), the distribution arm of Tata Power, entered into an agreement to subscribe to non-convertible debentures for 1.5 billion rupees (equivalent to USD 18.2 million) to enhance Delhi s power distribution through grid enhancements.