ADB, India sign $451 million loan to strengthen Power Connectivity in Tamil Nadu

Government of India and Asian Development Bank (ADB) has signed a $451 million loan for strengthening power connectivity between northern and southern parts of Chennai–Kanyakumari Industrial Corridor (CKIC) which is part of East Coast Economic Corridor (ECEC). ECEC is India’s first coastal economic corridor. Key Highlights of Project It will help establish extra-high-voltage transmission link ..

Month: Current Affairs - November, 2019

Category: Economy & Banking Current Affairs

Topics: ADB • Asian Development Bank • Chennai-Kanyakumari Industrial Corridor • CKIC • East Coast Economic Corridor • ECEC • Odisha • Tamil Nadu • TANTRANSCO

ADB to give $451Mn for Chennai-Kanyakumari Industrial Corridor power links 

The Asian Development Bank will provide a $451 million (appx. Rs.3,200 crore) loan to strengthen power connectivity between southern and northern parts of Chennai-Kanyakumari Industrial Corridor (CKIC) in Tamil Nadu. As per ADB, the Manila-headquartered multilateral agency the total cost of the project is $653.5 million, of which the government will provide $202.5 million. About ..

Month: Current Affairs - November, 2019

Category: Economy & Banking Current Affairs

Topics: ADB • Asian Development Bank • Chennai-Kanyakumari Industrial Corridor • CKIC • Tamil Nadu