Merry Christmas Offer Use Code - SANTA20

Join Here

ADB approved loan for upgradation of power Distribution in Bengaluru

Published on December 07, 2020
Current Context: The Asian Development Bank has approved a loan to upgrade the existing power distribution system in Bengaluru, Karnataka.
ADB approved loan for upgradation of power Distribution in Bengaluru
  • In this regards, ADB has approved the loan amount of $190 million.
  • This loan amount includes $100 million public sector loan (sovereign loan) and $90 million as a private-sector loan (non-sovereign loan).
  • The USD 100 million sovereign loans will be used for Bengaluru Smart Energy Efficient Power Distribution Project and USD 90 million without sovereign guarantee loan to Bangalore Electricity Supply Company Limited (BESCOM).

Question: 

Q.1 Who among the following offered a loan to upgrade the existing power distribution system in Bengaluru, Karnataka?
a. World Bank
b. ADB
c. AIIB
d. New Development Bank
ebook store

About Me

Ramandeep Singh

Ramandeep Singh - Educator

I'm Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and over 5000 successful selections, I understand the path to success firsthand, having transitioned from Dena Bank and SBI. I'm passionate about helping you achieve your banking and insurance dreams.

  • Follow me:
Close Menu
Close Menu