The signatories to the Bengaluru Smart Energy Efficient Power Distribution Project are C. S. Mohapatra, Additional Secretary,
Beside, the $100 million sovereign loan, ADB would provide a $90 million without sovereign guarantee loan for the project to
After signing the loan agreement, C. S. Mohapatra said conversion of
ADB's Hoe Yun Jeong said the project demonstrates an innovative financing arrangement, the first of its kind for ADB, by combining sovereign and non-sovereign loans for a state government-owned enterprise. This is intended to significantly reduce the sovereign exposure and help BESCOM move towards a market-based approach for raising funds for capital expenditure.
In parallel to underground distribution cables, more than 2,800 km of fibre optical cables would be installed to strengthen the communication network. Moving about 7,200 km of distribution lines underground would help reduce technical and commercial losses by nearly 30 per cent. The fibre optical cables would be used for smart metering systems, distribution automation system (DAS) in the distribution grid, and other communication networks.
The project would install 1,700 automated ring main units adapted with a DAS to monitor and control the distribution line switchgears from the control centre.
SEE ALSO:
Where is Jack Ma? Questions arise about the billionaire’s whereabouts as Alibaba faces scrutiny from the Chinese government
Big money chasing Bitcoin takes the cryptocurrency to a new record high of $34,000
Pongal plus election dole: Cash, rice, sugar, cashews and clothes for 210 million people in Tamil Nadu
Tata Motors’ rallies over 3% as it outshines Mahindra and Maruti in December sales