ADB approves $241 mn loan for power distribution improvement in WB

28 Oct 2024 CW Team

The Asian Development Bank (ADB) has approved a $241.3 million loan to enhance electricity distribution in West Bengal, aiming to improve the quality of life by ensuring a reliable and sustainable power supply. "This ADB programme aligns with the government's Revamped Distribution Sector Scheme, designed to strengthen the operational efficiency of power distribution companies," stated ADB Principal Energy Specialist Roka Sanda.

Reliable electricity distribution is crucial for West Bengal's growth and development, according to the statement. The West Bengal Distribution System Strengthening Program will benefit approximately 8.96 million consumers across seven districts in the state.

Key initiatives of the program include replacing low-tension overhead lines with aerial bundled cables, establishing separate electricity feeders for agricultural and non-agricultural users, and implementing an integrated information and operation management system to enhance power supply quality and performance monitoring.

The program aims to improve the operational efficiency of the West Bengal State Electricity Distribution Company Limited by enhancing its capacity in asset and financial management, promoting renewable energy, rationalizing tariffs, and focusing on gender equity and social inclusion.

ADB remains committed to fostering a prosperous, inclusive, resilient, and sustainable Asia and the Pacific while continuing efforts to eradicate extreme poverty. Established in 1966, ADB is owned by 69 members, 49 of which are from the region.

Infrastructure Urban

08 Apr 2026

UniAcoustic, Vicoustic Form UniVicoustic Alliance

UniAcoustic, part of United Group, has acquired a strategic stake in Portugal-based Vicoustic, forming a new alliance branded as UniVicoustic. The agreement, signed in Mumbai, marks a significant cross-border partnership aligned with evolving India–EU trade dynamics.The collaboration brings together Vicoustic’s global expertise in architectural acoustic products with UniAcoustic’s manufacturing scale and distribution capabilities. The combined platform aims to expand market reach, integrate technology and optimise supply chains across key regions.The development comes amid progress in th..

Dalmia Bharat, Delhi PWD Revamp Under-Flyover Spaces

Dalmia Bharat has partnered with the Public Works Department (PWD), Government of Delhi, to redevelop select under-flyover spaces and a road stretch into sustainable urban hubs. The agreement covers key locations including Lodhi Flyover, Oberoi Flyover, Mangi Bridge and Hanuman Setu.Under the initiative, the company will undertake design, landscaping, plantation and long-term maintenance of the sites, with a defined upkeep period of three years after completion. The project aims to improve urban aesthetics while promoting environmental sustainability and biodiversity restoration in high-densit..

Versigent Debuts as Independent NYSE-Listed Company

Versigent has launched as an independent publicly traded company following its separation from Aptiv, with shares commencing trading on the New York Stock Exchange under the ticker “VGNT”. The move marks a significant milestone in the company’s transition into a standalone global player in power distribution systems.The company specialises in the design, manufacturing and delivery of low- and high-voltage electrical architectures, supported by engineering centres across four continents and manufacturing operations in over 25 countries.Versigent reported revenues of $8.8 billion, net inco..