March 13, 2010 2:21 PM

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59 Million US Dollar loan Agreement Signed with ADB

India has signed a 59.1 million US dollar agreement with the Asian Development Bank for the Himachal Pradesh Clean Energy development Investment Program. The agreement was signed in New Delhi by Dr Anup K Pujari, Joint Secretary, Department of Economic Affairs on behalf of the Government of India and by Mr. Kun Kim on behalf of the Asian Development Bank. Mr. Tarun Kapoor, Managing Director, Himachal Pradesh Power Corporation Limited also signed the agreement on behalf of the Corporation as well as the Power and Finance department of the Himachal Pradesh government. This will cover civil works for construction of a diversion barrage, power intake, de-sanding arrangements and gates and hoisting for the Sawra Kuddu hydroelectric project, located in the Shimla district of Himachal Pradesh.

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