Friday, July 4, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Banking & Finance

Tenders: Bengaluru Smart Energy Efficient Power Distribution Project

Fiinews by Fiinews
January 4, 2021
in Banking & Finance, Projects, Tenders
Reading Time: 2 mins read
A A
0
Bescom
0
SHARES
10
VIEWS
LinkedinShare on Twitter

0:00

ADB loan to help reduce power wastage in Bengaluru

The Bengaluru Smart Energy Efficient Power Distribution Project will progress on with the conversion of overhead distribution lines into underground cables and build an energy-efficient distribution network, reduce technical and commercial losses and minimize electricity outage resulting from natural hazards such as cyclones and external disturbances to overhead lines.

The project is getting US$100 million loan from the Asian Development Bank, an agreement for which was signed on 31 Dec 2020 by Dr. C. S. Mohapatra, Additional Secretary, Department of Economic Affairs and Hoe Yun Jeong, Officer-in-Charge of ADB’s India Resident Mission.

Beside the US$100 million sovereign loan, ADB will provide a US$90 million without sovereign guarantee loan for the project to Bangalore Electricity Supply Company Limited (BESCOM), one of five state-owned distribution utilities in Karnataka.

Jeong said that the project demonstrates an innovative financing arrangement, the first of its kind for ADB, by combining sovereign and non-sovereign loans for a state government-owned enterprise. This is intended to significantly reduce the sovereign exposure and help BESCOM move towards a market-based approach for raising funds for capital expenditure.

In parallel to underground distribution cables, over 2,800-km of fibre optical cables will be installed to strengthen communication network. Moving about 7,200 km of distribution lines underground will help reduce technical and commercial losses by about 30%. The fibre optical cables will be used for smart metering systems, distribution automation system (DAS) in the distribution grid, and other communication networks.

The project will install 1,700 automated ring main units adapted with a DAS to monitor and control the distribution line switchgears from the control centre.

The loan will strengthen the capacity of BESCOM in operation and maintenance of underground cabling, environment and social safeguards, financial management and commercial financing. Improved financial management capability will help BESCOM access domestic and international commercial financing market. #banking #tenders #projects #development #debts /fiinews.com

Tags: Ministry of Finance
ShareTweetShare

Related Posts

SIDM
Projects

Project: DAC accords AON for defence products

by Fiinews
July 4, 2025
0
11

Procurements will provide higher mobility, effective air defence Defence Acquisition Counci (DAC) on 3 July accorded Acceptance of Necessity (AoN)...

PIB.
Projects

Project: Minister wants Bio E-Cell in Odisha

by Fiinews
July 4, 2025
0
14

State offers 100 acres for proposed Science City Minister of State for Science & Technology Dr. Jitendra Singh has told...

PIB

Project: Indo-Russian Cooperation builds INS Tamal

July 3, 2025
12
PIB

Project: Udaygiri delivered to Indian Navy

July 3, 2025
16
Kumaraswamy Abdulla Bin Touq Al Marri

Project: India-UAE work on resource security

July 3, 2025
16
Indian Railways

Tender: Asangaon–Kasara 4th Line proposed

July 3, 2025
15
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Project: DAC accords AON for defence products
  • Project: Minister wants Bio E-Cell in Odisha
  • Manufacturing: India’s chemical sector faces challenges
  • Market: GIC dedicated to Carbon Capture research
  • Tech: Predictmedix launches screening from India

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.