Power Grid enters into agreement with AIIB for usd100 million loan: Report


MUMBAI, Dec 9:Power Grid Corporation of India (PGCIL) said company has entered into a loan agreement with Asian Infrastructure Investment Bank (AIIB) for USD100 million.

  The agreement is for funding of high voltage direct current (HVDC) bipole link between Western Region (Raigarh, Chhattisgarh) and Southern Region (Pugalur, Tamil Nadu)- North Trichur Kerala Scheme and  AC System Strengthening at Pugalur end.  Power Grid Corporation of India (PGCIL) is an Indian state-owned electric utilities company  (UNI)