 "Loan")
The Asian Development Bank (ADB) has extended a $451 million loan to strengthen power connectivity between the southern and northern parts of the Chennai–Kanyakumari Industrial Corridor (CKIC).
CKIC is part of the East Coast Economic Corridor (ECEC) in Tamil Nadu. ADB is lead partner of the Indian government for developing ECEC.
The project will help Tamil Nadu meet increasing power demand from commercial enterprises by allowing transfer of power from new generation facilities, including renewable energy, in the southern CKIC to the industrial hubs in the state’s northern region, said Sameer Kumar Khare, Additional Secretary (Fund Bank and ADB), Department
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