Tag: PowerGrid

  • ADB to lend $1 bn to PowerGrid for expansion

    ADB to lend $1 bn to PowerGrid for expansion

    New Delhi:(IANS) The Asian Development Bank (ADB) on Thursday said it would lend $1 billion to state-run Power Grid Corporation for expanding its transmission capacity in the country. “ADB is to provide a $500 million government-backed loan and a further $500 million in non-sovereign lending to India’s national transmission company, Power Grid Corporation of India…