West Bengal has received a USD 135 million loan from the International Bank for Reconstruction and Development (IBRD) to increase operational efficiency and dependability of electricity delivery in a few areas of the state.
The World Bank is made up of the IBRD and its concessional lending arm, the International Development Association (IDA).
The variable spread loan, also known as a floating interest loan, will have a 17-year maturity with a seven-year grace period, with the goal of strengthening distribution networks, investing in smart-grid technology, and ensuring the state discom’s financial viability.
