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    <title>India Signs Loan agreement with ADB for First Tranche under the Himachal Pradesh Clean Energy Transmission Investment Programme</title>
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    <description>A loan agreement provided the first tranche under a multitranche financing facility to upgrade Himachal Pradesh&#039;s transmission system and enable greater use of its hydropower resources. The loan has a 25 year term with a five year grace period and interest set under ADB&#039;s LIBOR based lending facility. Himachal Pradesh Power Transmission Corporation Ltd. is the implementing agency responsible for strengthening financial and asset management and executing transmission infrastructure works.</description>
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