AIIB grants $160 mn for Andhra Pradesh power project

Posted on:04 May 2017 14:19:51
AIIB grants $160 mn for Andhra Pradesh power project
04 May 2017 Current Affairs:

  • China-sponsored Asian Infrastructure Investment Bank (AIIB) has recently approved USD 160 million loan for a power project in Andhra Pradesh.

  •  The objective of the project to strengthen the power transmission and distribution system in Andhra Pradesh.

  • It is the first credit from the bank for an Indian project.

  • The ‘24x7 Power for All’ project is part of Government of India’s ‘Power for All programme’ launched in 2014. Andhra Pradesh is one of the first states selected for the roll out of the programme.


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