ADB and GOI Signs Loan Agreement to Upgrade Power Sector in UP

Current Context: The Asian Development Bank (ADB) and Indian Government entered into a loan agreement with an aim to improve rural power distribution networks in Uttar Pradesh.

• For this purpose, a loan agreement of $300 million was signed between India and ADB.
• The funds will be utilized to upgrade the power distribution network which will improve the quality and reliability of electricity supply along with a reduction in aggregate technical and commercial (ATC) losses.
• The funds will also help restore the financial sustainability of the rural electricity supply in the state.
• The funds will be also used to develop separate feeders for electricity supply for agricultural farms and for residential purpose. This will promote better rationing and utilization of unmetered power and will eventually boost financial management of the state power distribution company, improvement in bill collection in rural areas through community engagement involving the women’s self-help groups.
• Static Part: National Parks and Wild Life Sanctuaries in UP: Dudhwa NP, Bakhira Bird Sanctuary, Okhla Bird Sanctuary, Kishanpur WLS, Sandi Bird Sanctuary, Vijai Sagar Sanctuary, Pilibhit Tiger Reserve, Chandra Prabha WLS

Question: 

Q.1 Who among the following signed loan agreement of $300 million with GOI to improve rural power distribution networks in Uttar Pradesh?
a. World Bank
b. New Development Bank
c. Asian Development Bank
d. International Bank for Reconstruction and Development