Assam’s power sector faced serious challenges in the late 2000s. Only one-third of households had access to electricity. Frequent power outages, lasting 5–6 hours a day during the peak season, created significant problems for consumers.
Assam, known for its large tea and petroleum industries, has the largest economy in the northeastern region of India. But it has lagged behind the rest of India in terms of growth and investment climate. Its economic activities have been significantly constrained by inadequate power supply and limited access to electricity.
Punjab is a mid-sized state in India with a population of 28 million. It has a primarily agriculture-based economy that has long served as India’s granary and ensured the country’s food security. Despite its glowing past, the state economy, as of program appraisal, had been slowing down for over a decade because of high fiscal stress.
In October 2014, the Asian Development Bank (ADB) approved a $500 million multitranche financing facility (MFF) for the Clean Energy Finance Investment Program for India. The MFF was to be extended to a financial intermediary, the Indian Renewable Energy Development Agency Limited (IREDA), categorized by the Reserve Bank of India as a non-deposit-taking systemically important nonbanking financ
Known for its large tea and petroleum industries, Assam has the largest economy in the northeastern region of India. However, the state has lagged behind the rest of India in terms of growth and investment climate, and its economic activities have been significantly constrained by inadequate power supply and limited access to electricity.