India power grid seeks World Bank, ADB loans

Power Grid Corp Of India Ltd is negotiating with the World Bank and the Asian Development Bank to secure loans amounting to USD1.6 billion. The state-run power transmission company sees completion of talks by next month. It hopes to receive another USD2 billion in non-sovereign guaranteed loans from both agencies to support its projects. (Source: India’s Power Grid in talks with World Bank, ADB for loans worth 1.6 bln usd/Thomson Financial)

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