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Shared Infrastructure for Solar Parks Project

Shared Infrastructure for Solar Parks Project

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The World Bank’s Board of Executive Directors approved the following project:

India – Shared Infrastructure for Solar Parks Project

IBRD Loan: US $75 million equivalent
Terms: Maturity = 19 years, Grace = 5 years

Clean Technology Fund Loan: US $23 million equivalent
Terms: Maturity = 40 years, Grace = 10 years;
US$2 million is an interest-free CTF grant.

Project ID: P154283

Project Description: The project will establish large scale solar parks in the country and support the Government of India’s plans to install 100 gigawatts (GW) of solar power out of a total renewable-energy target of 175 GW by 2022.

Source:worldbank
Anand Gupta Editor - EQ Int'l Media Network

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