ADB approves $100 million loan to upgrade power distribution system in Bengaluru

The Asian Development Bank (ADB) and the Government of India has signed a $100 million loan on 31st December 2020 to modernise and upgrade the power distribution system in Bengaluru to enhance the quality and reliability of electricity supply in the city.
Apart from this, ADB will provide a $90 million without sovereign guarantee loan for the project to Bangalore Electricity Supply Company Limited (BESCOM), one of five state-owned distribution utilities in Karnataka.

Source: PIB