- The loan of USD 135 million loans was approved for the same.
- The funds will be used to strengthen distribution networks, smart-grid technologies and bring financial sustainability to the state’s electricity distribution companies.
- The loan will be having a maturity of 17 years, including a grace period of 7 years.
- The funds will be used for West Bengal Electricity Distribution and Grid Modernization Project. The project will work to reduce losses and enhance capacity in the electricity distribution network.
- Static Part:
- HQ of IBRD: Washington DC, US
Question:
Q.1 The World Bank Group's arm International Bank for Reconstruction and Development (IBRD) approved a loan of USD 135 million to improve the operational efficiency and reliability of the electricity supply in which state?
a. Karnataka
b. Punjab
c. Maharashtra
d. West Bengal
a. Karnataka
b. Punjab
c. Maharashtra
d. West Bengal