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Government inks $304 million loan agreement to improve Assam's power transmission network SECTIONS Share Synopsis The projects will include the construction of 10 transmission substations and laying transmission lines while another 15 existing substations will be upgraded and existing transmission lines will be converted to optical power wire. AP The projects seek to address the substantial energy deficits faced by Assam on account of congestion in electricity distribution and transmission networks. The government has signed a loan agreement worth $304 million with the Asian Infrastructure In...

February 23, 2021 × The central government and the Asian Infrastructure Investment Bank (AIIB) on Tuesday signed a $304-million loan agreement to fund the Assam Intra-State Transmission System Enhancement Project . The project aims to strengthen the state’s electricity transmission system by constructing 10 transmission substations and laying transmission lines with the associated infrastructure as well as upgrading 15 existing substations, transmission lines, the Ministry of Finance said in a statement. Additionally, the project will involve upgrading existing ground wire to optical power...

The Centre on Tuesday signed an agreement with Asian Infrastructure Investment Bank (AIIB) for borrowing $304 million (over Rs 2,200 crore) to improve power transmission network in Assam. According to an official release here, the fund will be utilised for the 'Assam Intra-State Transmission System Enhancement Project', aiming to improve reliability, capacity and security of the power transmission network in the state. The total estimated cost of the project is $365 million, of which $304 million will be financed by the AIIB and rest by the state government, it said. "The loan from the A...

22 February 2021 Author: Editorial Board, ANU The United States abandoned economic leadership in Asia four years ago. Rather than promote and strengthen the multilateral institutions and frameworks that underpin Asia’s prosperity, the United States under President Trump began systematically undermining them: from the WTO, WHO and Paris Agreement, to military alliances with Japan and South Korea, bilateral trade ties and cooperation in regional forums. The message that Asian policymakers received was crystal clear: Asia is too reliant on an increasingly unreliable America. The damage from th...

NIIFL to invest $100 million from New Development Bank into the NIIF Fund of Funds Xian Zhu, VP and COO of NDB noted that the investment will provide India’s private sector with additional funds during the time of crisis Representative Image The National Investment and Infrastructure Fund (NIIFL) on February 11 announced a commitment of $100 million from the New Development Bank (NDB) into the NIIF Fund of Funds (FoF) taking the FoF's secured funding commitments to $800 million. With this, the NDB joins the Government of India (GoI), Asian Infrastructure Investment Bank (AIIB) and Asian Dev...