ADB Frees Money for Himachal Hydropower Scheme

The Asian Development Bank will release the second tranche of its USD800 million loan for the construction of four hydropower generating plants in India’s Himachal Pradesh state. The second installment, worth USD59.1 million, will help build hydropower plants in Sawara-Kuddu, Kashang, Shongtong-Karchham and Sainj. The projects are expected to be completed by early 2015, according to The Economic Times.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.