ADB, AIIB to invest $150m on power transmission project in India

Five lines will be installed.

The Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) will jointly support a power transmission project in India and will spend US$150m (of which US$100m for the AIIB) in order to construct and install five transmission lines according to Enerdata, including 400 kV transmission components in Tamil Nadu (India).

"The lines are scheduled to be connected at Pugalur with the long-distance grid systems funded by ADB (ADB-financed Green Energy Corridor and Grid Strengthening Project). The whole project is estimated to be built at a cost of US$303.5m and India’s state-owned transmission company Power Grid will fund the remainder," Enerdata said.

This story was originally published by Enerdata.