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ASIAN DEVELOPMENT BANK TO PROVIDE USD 100 MILLION LOAN TO UPGRADE POWER DISTRIBUTION IN BENGALURU New Delhi | ByPress Trust of India | Posted by Deepali Sharma Jan 04, 2021 04:22 PM IST IN
PARALLEL TO UNDERGROUND DISTRIBUTION CABLES, OVER 2,800 KM OF FIBRE OPTICAL CABLES WILL BE INSTALLED TO STRENGTHEN COMMUNICATION NETWORK. The Asian Development Bank (ADB) will provide a USD
100 million (around Rs 730 crore) loan to modernise and upgrade the power distribution system in Bengaluru city, a finance ministry statement said. Beside the USD 100 million sovereign loan,
ADB will provide a USD 90 million loan without sovereign guarantee for the project to Bangalore Electricity Supply Company Ltd (BESCOM), one of the five state-owned distribution utilities
in Karnataka. “The ADB and the Government of India on December 31, 2020 signed a USD 100 million loan to modernise and upgrade the power distribution system to enhance the quality and
reliability of electricity supply in Bengaluru city in the state of Karnataka,” the statement said. In parallel to underground distribution cables, over 2,800 km of fibre optical cables will
be installed to strengthen communication network. Moving about 7,200 km of distribution lines underground will help reduce technical and commercial losses by about 30 per cent, it said. The
fibre optical cables will be used for smart metering systems, distribution automation system (DAS) in the distribution grid, and other communication networks. The project will install 1,700
automated ring main units adapted with a DAS to monitor and control the distribution line switchgears from the control centre, it added. The statement further said the loan will strengthen
the capacity of BESCOM in operation and maintenance of underground cabling, environment and social safeguards, financial management and commercial financing. Improved financial management
capability will help BESCOM access domestic and international commercial financing market. * Bengaluru * India * Karnataka * State Of Karnataka * Government Of India Get Latest real-time
updates on India News, Weather Today and Latest News, Shashi Tharoor on Hindustan Times. Get Latest real-time updates on India News, Weather Today and Latest News, Shashi Tharoor on
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