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.