India and the World Bank have signed a guarantee agreement of $98 million provided through the International Bank for Reconstruction and Development (IBRD) and Clean Technology Fund (CTF) loan and grant agreement for $2 million for the “Shared Infrastructure for Solar Parks Project” in India, on November 20, 2017.
Sameer Kumar Khare, Joint Secretary, Department of Economic Affairs on behalf of Government of India, and Hisham A. Abdo, Acting Country Director, World Bank India, has signed the agreement.
A loan agreement was also signed by K S Popli, Chairman and MD, India Renewable Energy Development Agency Ltd (IREDA) and Hisham A. Abdo, Acting Country Director, World Bank India.
The project consists of two components namely, first, shared infrastructure for Solar Parks (estimated total project cost of $98 million, including $75 million in IBRD loan and $23 million in CTF Loan) and second, $2 million technical assistance under CTF Grant.
The objective of the project is to increase solar generation capacity through establishment of large-scale parks in the country.
The project will help establish large-scale solar parks and support the government’s plan to install 100 GW of solar power out of a total renewable-energy target of 175 GW by 2022.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.