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GOI and AIIB to improve Assam Power Transmission Network

Published on February 26, 2021
Current Context: The Indian Government and Asian Infrastructure Investment Bank (AIIB) have entered into an agreement to improve the power transmission network in Assam.
GOI and AIIB to improve Assam Power Transmission Network
  • They have signed a loan agreement of $304 million for the same.
  • The loan agreement is signed for Assam Intra-State Transmission System Enhancement Project.
  • The total cost of this project is $365 million. The AIIB will be providing $304 million and the remaining funds will be granted by the state government.
  • The project will improve the power transmission network in a reliable and secured manner, in order to meet the power demand of the state.
  • Under this project, 10 transmission substations will be constructed, transmission lines will be laid down to carry power safely.
  • The project will also upgrade the existing substations and transmission lines. The existing ground wire will be upgraded to optical power ground wire.
  • Thus the project will help to improve the reliability, capacity and security of the power transmission network of the state.
  • Static Part: 
    • HQ of AIIB: Beijing, China
    • President of AIIB: Jin Liqun
    • Folk Dance of Assam: Bihu dance, Bagurumba, Bhortal Dance, Jhumur dance

Question: 

Q.1 GOI and which financial institution signed a $304 million loan agreement for Assam Intra-State Transmission System Enhancement Project?
a. Asian Development Bank
b. Asian Infrastructure Investment Bank
c. World Bank
d. New Development Bank
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