3/9/17 new: BRICS plus India, Brazil, China, Russia, S Africa PLUS Mexico Egypt Thailand Guinea Tajikstan

At China G20, China debated best multi-win ideas for 21st youth productivity - that Adam Smith or Maynard Keynes would score. ref 1 -cg A B z AIIBnews


online library of norman macrae-- Entrepreneurial Revolution - the curriculum of how to value small enterprise and sustainability exponentials of the net generation - was started by alumni of Norman Macrae The Economist 1972. By 1976, Norman was clarifying why the sixth of the world (whose brand reality is) communal pride and individually passionate to be Chinese need to be valued by netgen as critical friends to uniting sustainability race for planet and humanity. More on "why china" is systematically pivotal to 21st C coming of age in sidebar. Chinathanks.com maps 1) countries joining Chinese inspired sustainability open systems solutions as well as 2) which global youth professions (eg coding) are mapping value sustaining trades with china - eg EWTP : 21st C version of Silk Road of celebrated by Marco Polo and Hangzhou goal 14 oceans AIIB 1 ted hosts -- 2017 year of mapping sustainability banking -china to commercialize 5g by 2020

Wednesday, October 30, 2013

AIIB Approves First Loan to India for $160 million to Support Power Sector

The Bank’s first project in India backs Power for All program


The Board of Directors of the Asian Infrastructure Investment Bank (AIIB) approved a loan of US$160 million in support of the Andhra Pradesh – 24x7 Power for All project in the Republic of India with the objective to strengthen the power transmission and distribution system in the State of Andhra Pradesh. 

The Project is part of the Government of India’s Power for All program that was launched in 2014 to provide an efficient, reliable and affordable electricity supply to all consumers across selected states within five years from the start of implementation of the program in each state. Andhra Pradesh is one of the first states selected for the rollout of the Power for All program. 

Jin Liqun, President of AIIB, noted that "AIIB supports its members in their transition towards a low-carbon energy mix by promoting the improvement of energy efficiency, such as upgrading the existing transmission and distribution networks. I am delighted that AIIB is working closely with India, who is our second largest shareholder, in energy and other infrastructure sectors, and we expect the Andhra Pradesh – 24x7 Power for All project to be the first of many projects AIIB invests in India." 

"The Power for All program in Andhra Pradesh will be the starting point for AIIB to extend its assistance to other countries in Asia moving towards an ‘Energy for all’ initiatives, "said D.J. Pandian, Vice President and Chief Investment Officer, AIIB. "This aligns well with AIIB’s mandate to promote economic development in Asia by helping build reliable and stable energy distribution systems." 

The project aims to support the implementation of the 24x7 Power for All plan in the State of Andhra Pradesh by strengthening the transmission and distribution network, increasing network capacity, improving system reliability and supporting operational reforms to improve the commercial performance of the state’s distribution companies. It will directly contribute to the economic development of the State of Andhra Pradesh and India by increasing delivery of reliable, grid-based electricity to households, business and the agricultural sector. The project is co-financed with the World Bank. 

Additional details on this project and upcoming projects may be found at www.aiib.org/en/projects

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