India and ADB Signed $105 mn Loan Agreement For Himachal Pradesh

i. India and Asian Development Bank (ADB) signed a 105 million dollar loan agreementto continue financing the transmission system upgrades in Himachal Pradesh for increased supply of hydropower.
ii. The third tranche loan is a part of the 350 million dollar multi-tranche financing facility for Himachal Pradesh Clean Energy Transmission Investment Programme.

Static/Current Takeaways Important For IBPS PO Mains Exam 2018:
The Asian Development Bank is a regional development Bank established in 1966.
Headquarters of ADB is in Manila, Philippines.
Takehiko Nakao is Present President of the Asian Development Bank.

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