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ADB and Tripura reach deal worth Rs. 2,275 billion

Published on January 03, 2023
Current Context: The Asian Development Bank (ADB) and the Tripura government have entered into a Rs 2,275 crore deal to upgrade and increase the effectiveness of Tripura's power distribution system.
ADB and Tripura reach deal worth Rs. 2,275 billion
  • ADB will help the state government implement this strategy, replacing outdated power plants and enhancing the distribution network, in an effort to boost the state's power sector. In the upcoming three years, the initiative will be put into action.
  • The central government will return Rs. 1,820 crore of the Rs. 2,275 crore amounts and the state will provide Rs. 455 crore.
  • The agreement to improve the power distribution network in Tripura was signed by Brijesh Pandey, the Tripura power secretary, and Nilaya Mitesh, the head of the ADB's India Resident Mission.
  • The state government will undertake major renovations of the Rukhia power project in the Sepahijala district and the Gumati Hydro project in the Gomati district.
  • About Asian Development Bank (ADB):
    • President - Masatsugu Asakawa
    • Establishment – 1966
    • Headquarters – Mandaluyong City, Metro Manila, Philippines
    • Members – 68 members

Question: 

Q.1 Which state has signed an agreement with ADB worth Rs. 2,275 billion to upgrade the power distribution network?
a. Maharashtra
b. Tripura
c. Assam
d. Meghalaya
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