The Union Government signed a loan agreement worth $208 million (approx Rs
936 crore) with the Asian Development Bank (ADB).
The loan deal has been signed for Tranche 3 of the Himachal Pradesh Clean
Energy Development Investment Program. This loan provides partial funding for
stages II & III of the integrated
Kashang hydel project totalling 195 MW located in Kinnaur district, and for
the 100 MW
Sainj hydel project located in Kullu district. The Himachal Pradesh Power
Corporation is the implementing agency for this project.