Power Grid to seek loans from ADB, World Bank
Power Grid Corporation of India Limited (PGCIL) will seek non-sovereign loans of around Rs. 1,600 crore each from the World Bank and the Asian Development Bank to fianance the expansion and modernisation programme, company Chairman and Managing Director R. P. Singh said here on Thursday. Addressing press persons, Mr. Singh said the company had drawn up plans to invest Rs. 55,000 crore to set up transmission lines during the XI Plan.