The Asian Development Bank (ADB) has granted $1 billion in financing to India’s national transmission company Power Grid Corporation of India (Powergrid) to fund renewable energy transmission and grid expansion projects.
Indonesia, Sumatra: The Asian Development Bank (ADB) has agreed to provide $600 million loan to Indonesia’s state electricity corporation, Perusahaan Listrik Negara (PLN), to upgrade transmission and distribution system in Sumatra.
Nordic Investment Bank (NIB) has signed a €29 million ($31 million) loan agreement with Finnish energy company Pohjois-Karjalan Sähkö Oy to upgrade one of the largest distribution networks in Finland and improve the security of supply to the company’s customers.
Luxembourg: The European Investment Bank (EIB) has signed a financing agreement worth $72 million to fund the development of energy projects in Jordan.
USA, North Dakota: Minot-based Central Power Electric Cooperative has been awarded a $46 million loan from the U.S. Department of Agriculture Rural Development that will help finance the improvement of the energy infrastructure in North Dakota.
Sri Lanka, Colombo: The Government of Japan will grant Sri Lanka a $200 million loan for the implementation of National Transmission and Distribution Network Development and Efficiency Improvement Project.
The European Investment Bank (EIB) is to shortly grant a loan worth €85 million to fund a project of building an interconnection between Guinea and Senegal.