By IANS
New Delhi : The World Bank said Wednesday it will lend $600 million to the Power Grid Corp to fund a project aimed at strengthening India’s electricity transmission network.
“The Bank approved a $600 million loan to Power Grid to strengthen the electricity transmission system in order to increase reliable power exchange between regions and states,” it said in a statement.
“Repayment of the proposed loan will be guaranteed by the government of India,” it added.
Indo-Asian News Service