ADB approves multi-tranche financing facility to improve power supply in Uttar Pradesh
The Asian Development Bank (ADB) has approved USD 430 million multi-tranche financing facility (MFF) to improve quality and reliability of electricity supply in Uttar Pradesh.
The Uttar Pradesh Power Distribution Network Rehabilitation Project will improve efficiency and sustainability of power supply in the state.
The project will finance the conversion of 65,000 km rural low-voltage distribution lines from bare conductors to aerial bundle conductors to benefit an estimated 70 million people in 46,000 rural villages.
It will also finance construction of a parallel network of 11 kV feeders with a total length of 17,000 km to separate distribution of electricity between residential consumers and agriculture consumers.
This will facilitate the use of solar energy to meet agriculture demand, increase in electricity supply duration to rural residential consumers and energy and water conservation.
Besides, the project will improve gender inclusivity, corporate governance and financial management capacity of the Uttar Pradesh Power Corporation (UPPCL).