ADB approves $430m financing for Uttar Pradesh power supply project
The Asian Development Bank has approved a $430 million multitranche financing facility to improve the quality and reliability of electricity supply in Uttar Pradesh, India.
The Uttar Pradesh Power Distribution Network Rehabilitation Project will improve the efficiency and sustainability of power supply in the region. The project will finance the conversion of 65,000km of rural low-voltage distribution lines from bare conductors to aerial bundle conductors to benefit an estimated 70 million people in 46,000 rural villages.
It will also finance the construction of a parallel network of 11-kilovolt feeders with a total length of 17,000km to separate the distribution of electricity between residential consumers and agriculture consumers. This will facilitate the use of solar energy to meet the agriculture demand, increase in electricity supply duration to rural residential consumers, and energy and water conservation. In addition, the project will improve the gender inclusivity, corporate governance, and financial management capacity of Uttar Pradesh Power Corporation Limited.
