It is reported that Power Grid Corporation of India Limited will seek fresh loan of USD 600 million from the World Bank and the Asian Development Bank to fund its mega transmission projects, including those relating to the ultra mega power projects.
As per report, PGCIL will approach ADB for USD 400 million and the World Bank for USD 200 million. The proposed loan will be over and above USD 800 million already sought from the 2 multilateral agencies.
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