ADB approves USD 148 mn loan to improve power supply in Sikkim
New Delhi, May 16, 2024.
Asian Development Bank (ADB) has approved a USD 148.5 million loan to help modernise and enhance the reliability, quality and resilience of electricity supply in Sikkim.
This project fully supports Sikkim's Power for All initiative, ensuring round-the-clock uninterrupted access to quality electricity for households, industries, businesses, and the public, ADB said in a statement on Thursday.
The project will modernise Sikkimâs power distribution system by upgrading it with approximately 770 kilometres of climate-resilient medium-voltage underground and/or covered conductors, it added.
