<h1>ADB and India Sign $50 Million Loan to Boost Assam's Power Generation and Distribution, Addressing Energy Shortages by 2018.</h1> The Asian Development Bank and the Government of India have signed a $50 million loan agreement to enhance power generation and distribution in Assam. This is part of a $300 million multi-tranche financing initiative aimed at addressing the state's energy shortages, where over a third of households experience daily power cuts and key businesses lack grid connectivity. The project will replace inefficient plants and construct a new hydropower facility, with completion expected by December 2018. This initiative builds on ADB's ongoing support to Assam's power sector, which has included $450 million in loans since 2003.