Aid for four medium, mega hydel projects will boost power generation plans Making a major breakthrough in the power sector, the Prem Kumar Dhumal Government today entered into a memorandum of understanding (MoU) with the Asian Development Bank (ADB) to avail $ 800 million (approximately Rs 3,800 crore) funding for hydel power generation. For the hill state, whose annual budget for 2008-09 is just Rs 12,542 crore, the ADB assistance for four medium and mega hydel projects is expected to give a major boost to power generation plans. The funding, which will be in the ratio of 90:10 as grant and loan, would be utilised under Himachal Pradesh Clean Energy Development Investment Programme. The agreement was signed by Govind Mohan, Director (Infrastructure), Department of Economic Affairs, Ministry of Finance, on behalf of the Government of India and Tadashi Kondo, Country Director of Indian Resident Mission of Asian Development Bank, in Delhi today. The project agreement was signed by state