The total cost of the project is USD 570 million, out of which USD 240 million is from the International Bank for Reconstruction and Development (IBRD) -- an arm of the World Bank, and USD 160 million from the Asian Infrastructure Investment Bank (AIIB), a finance ministry statement said.
The rest will be counterpart funding from the government of Andhra Pradesh, it said.
The objective of the project is to increase the delivery of electricity to customers and improve the operational efficiency and system reliability in distribution of electricity in selected areas in Andhra Pradesh, it said.
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