Asian Development Bank Approves USD 148 Million Loan To Improve Power Supply In Sikkim.
Banking & Finance
Asian Development Bank (ADB) has approved a USD 148.5 million loan to help modernise and enhance the reliability, quality and resilience of electricity supply in Sikkim.This project fully supports Sikkim’s Power for All initiative, ensuring round-the-clock uninterrupted access to quality electricity for households, industries, businesses, and the public, ADB said in a statement on Thursday.The project will modernise Sikkim’s power distribution system by upgrading it with approximately 770 kilometres of climate-resilient medium-voltage underground and/or covered conductors, it added.Additionally, it will replace 580 kilometres of ageing and low-capacity bare conductors with new ones to increase distribution network capacity, the statement said.
Upgrade 26 power substations and install a supervisory control and data acquisition system.
Install 15,000 public streetlights in remote areas and conduct safety awareness programs in 28 villages.
president-Masatsugu Asakawa
Headquarters - Philippines
____________________________
