Power Grid Corporation inks $500 million loan pact with ADB

State-run power transmission utility Power Grid Corp  announced that it will get a loan of USD 500 million from the Asian Development Bank (ADB) for its various projects. Power Grid has entered into a loan agreement with ADB on 17th August 2017. According to the statement, the proceeds of the loan are proposed to be utilised for funding of: Green Energy Corridor,800KV High Voltage Direct Current (HVDC), Bipole link between Western Region (Raigarh, Chhattisgarh) and Southern Region (Pugalur, Tamil Nadu) ,320 KV HDVC link between Pugalur and North Trichur (Kerala).