The Asian Development Bank (ADB) has sanctioned a USD 434.25 million loan to enhance renewable energy capacity and strengthen energy security in Assam. This initiative will help address the state`s growing power demand and reduce its reliance on fossil fuels.

According to ANI, the ADB confirmed on Thursday that the Assam Solar Project will involve the construction of a 500 MW grid-connected solar photovoltaic (PV) facility in the Karbi Anglong district. In addition to this, a grid-connected battery energy storage system will be developed to ensure grid stability and address peak power demand.