ADB approves loan to Improve Power Distribution in Meghalaya

Current Context: The Asian Development Bank (ADB) has approved the loan to improve and upgrade the power distribution network in Meghalaya.

• The loan of USD 132.8 million is approved by ADB. 
• This loan amount will be used to improve and upgrade the power distribution system & financial sustainability of the Meghalaya Power Distribution Corporation Limited (MePDCL).
• Also, MePDCL has an outstanding against the power purchased from central power generating stations and to the Power Grid Corporation of India Limited (PGCIL). So, this loan amount will be used to clear these outstanding dues.
• Under this project, 23 substations will be constructed along with renovation and modernization of 45 substations in the state.
• Installation and up-gradation of 2214 km of distribution lines and developing provision of control room equipment and protection systems will be carried out under this project.
• Static Part: 
• Capital of Meghalaya: Shillong
• CM of Meghalaya: Conrad Sangma
• Governor of Meghalaya: Satya Pal Malik

Question: 

Q.1 Who among the following has approved a loan of USD 132.8 million to improve the power distribution in Meghalaya?
a. Asian Development Bank
b. Asian Infrastructure Investment Bank
c. World Bank
d. Organisation for Economic Co-operation and Development