World Bank lends $250m for Indian state’s power project

The World Bank is lending $250 million to help an Indian state improve the performance of its electricity distribution sector. The distribution companies (DISCOMs) in Rajasthan provide power to around 9.5 million customers. However, “a combination of high generation costs, inefficiencies and an accumulation of long-delayed tariff adjustments” have resulted in continuing losses for the […]