China sponsored Asian Infrastructure Investment Bank (AIIB) on 5th May, 2017 approved $ 160 MN loan for a Power Project in Andhra Pradesh. It is the first credit from this bank for an Indian Project. The Project is co-financed by the World Bank. The 24 X 7 Power of All project is part of Government of India’s Power of All Programme that was launched in 2014. AP is one of the first states selected for roll out of the programme.

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