NEW DELHI, March 31India and the World Bank today signed an agreement for a loan facility of USD 250 million to support a power distribution project in Rajasthan.
"The objective of the proposed programmatic operation is to support Government of Rajasthan (GoR)'s programme for the turnaround of the distribution sector in Rajasthan under the 24x7 'Power for All' programme," the Finance Ministry said in a statement.
The main areas of the programme include strengthening governance in the Rajasthan Electricity Distribution Sector; financial restructuring and recovery; and improving operational performance' of distribution utilities, it added.
The project size is USD 250 million, and the total amount will be financed by the Bank.
-PTI
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