India, AIIB Sign Rs.21.9 bn loan deal to strengthen power transmission in Assam
01 Mar 2021
The Government of India and the Asian Infrastructure Investment Bank (AIIB) have signed a loan agreement for $304 mn (~`21.9 bn) to develop the ‘Assam Intra-State Transmission System Enhancement’ project.The project aims to improve the reliability, capacity, and security of the power transmission network in the northeastern state of Assam. The project is expected to strengthen the existing transmission network in Assam. Ten transmission substations will be developed as part of the project. It will involve laying transmission lines with the associated infrastructure, upgrading 15 existing substations and transmission lines, and providing technical assistance to support project implementation.