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ADB approves $434mn loan for Assam solar project
The Business Guardian
|October 26, 2024
The Asian Development Bank (ADB) has approved a USD 434.25 million loan to increase renewable energy capacity and improve energy security in the state of Assam.
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The ADB on Thursday stated that the Assam Solar Project will construct a grid-connected solar photovoltaic (PV) facility in Karbi Anglong district with a capacity of 500 MW.
The project will support the development of a grid-connected battery energy storage system to ensure grid stability and meet peak power demand.
This storage system will be established through a joint venture between the Assam Power Distribution Company Limited (APDCL) and the Oil and Natural Gas Corporation Ltd. Tripura Power Company Ltd.
Denne historien er fra October 26, 2024-utgaven av The Business Guardian.
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FLERE HISTORIER FRA The Business Guardian
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