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ADB authorizes $190 million loan to upgrade power distribution in Bengaluru

Asian Development Bank (ADB)
  • The Manila-based Asian Development Bank (ADB) has sanctioned a loan of $190 million (approx Rs 1,400 crore) to modernize and upgrade the power distribution system in Bengaluru, Karnataka.
  • The financial-assistance by ADB will be used for the Bengaluru Smart Energy Efficient Power Distribution Project.