India and Japan signed a loan agreement of Rs. 1817 crore

A Loan Agreement was signed here today between Shri C.S. Mohapatra and Mr. Katsuo Matsumoto on Japanese Official Development Assistance loan for the construction of Turga Pumped Storage (I) of Rs. 1817 crore approximately
The objective of the Project is to strengthen the capability to respond to a fluctuation in supply and demand of power and to improve the stability of the power supply by constructing the pumped storage facilities, thereby contributing to the Industrial Development and Living Standard Improvement in the State of West Bengal.
India and Japan have had a long and fruitful history of bilateral development cooperation since 1958.
In the last few years, the economic cooperation between India and Japan has steadily progressed. This further consolidates and strengthens the Strategic and Global Partnership between India and Japan.

Published On : 03 Nov 2018