Explanation:

 India and Japan signed a INR 1,817 crore loan agreement for the construction of the Turga pumped storage hydel power project at Purulia in West Bengal. The project will contribute to the industrial development and living standards in the state. Ministry of Finance said in the statement that "The objective of the project is to strengthen the capability to respond to a fluctuation in supply and demand of power and to improve the stability of the power supply by constructing the pumped storage facilities.”