Power Grid Signs a USD 100 Million Loan Deal With AIIB

"Power Grid has entered into a loan agreement with AIIB on December 7, 2017, for an amount of USD 100 million for funding of HVDC bipole link between Western Region (Raigarh, Chhattisgarh) and Southern Region (Pugalur, Tamil Nadu)- North Trichur Kerala Scheme 2: AC System Strengthening at Pugalur end," the company said in a BSE filing on Friday.

Power Grid Corporation has entered into a loan agreement with Asian Infrastructure Investment Bank (AIIB) for USD 100 million for funding high voltage direct current (HVDC) link.