The ADB will provide a USD 100 million loan to upgrade the power distribution system in Bangalore after it signed the agreement with the Indian government on 31st December 2020. 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.
By the aid of the ADB, over 2,800 km of fiber optical cables will be installed to strengthen India’s communication network. Also, moving about 7,200 km of distribution lines underground will help reduce technical and commercial losses by approximately 30%. Also, the fiber 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 switchgear from the control center. Link to the news: https://www.energyinfrapost.com/asian-development-bank-to-provide-usd-100-million-loan-to-upgrade-power-distribution-in-bengaluru/