1. Home
  2. >

India signs US$59 million agreement with ADB


India has signed a US$59.1 million agreement with the Asian Development Bank for the second tranche of the Himachal Pradesh Clean Energy development Investment Programme.
The second tranche 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 Shimla district of Himachal Pradesh.
The US$800 million Himachal Pradesh Clean Energy Development Investment Programme was approved in 2008. It covers the Sawra Kuddu, the Keshang I, II and III stages, the Sainj, and the Shontong – Karcham projects.
The first tranche of the project was signed on November 10, 2008 which was for an amount of US$150 million.

Most Popular


Olympia Group announces to build up 1.1mn sq-ft greenfield it park in Guindy
The project will have a total investment of about Rs 750 crore


Vital pre-monsoon building works resume in Maharashtra
The state government has permitted pre-monsoon work by BMC and other agencies

Latest Issue

Sept 2020
01 Sep 2020