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February 23, 2021 × The central government and the Asian Infrastructure Investment Bank (AIIB) on Tuesday signed a $304-million loan agreement to fund the Assam Intra-State Transmission System Enhancement Project . The project aims to strengthen the state’s electricity transmission system by constructing 10 transmission substations and laying transmission lines with the associated infrastructure as well as upgrading 15 existing substations, transmission lines, the Ministry of Finance said in a statement. Additionally, the project will involve upgrading existing ground wire to optical power ground wire. The total estimated cost of the project is $365 million, of which $304 million will be financed by AIIB while the Assam government will provide counterpart funding of $61 million. The loan comes with a 5-year grace period and a maturity of 24 years. One of the main reasons for the power-deficit scenario in Assam is the congestion of the electricity distribution and transmission

Rajat misraBaldeo purusharthaAsian infrastructure investment bankDepartment of economic affairsAssam electricity grid corporation ltdAssam intra state transmission system enhancementElectricity grid corporation ltdJoint secretaryEconomic affairsActing director generalInvestment operationsInfrastructure upgradeராஜாத் மிஸ்ராஆசிய உள்கட்டமைப்பு முதலீடு வங்கிதுறை ஆஃப் பொருளாதார வாழ்க்கைத்தொழில்கள்அசாம் மின்சாரம் கட்டம் நிறுவனம் லிமிடெட்