The loan will support the state government’s high voltage distribution system (HVDS) program for new grid-connected rural agricultural customers across the state, said the Manila-headquartered multi-lateral funding agency New Delhi: The Asian Development Bank (ADB) on Wednesday said it has approved a USD 346 million (around Rs 2,616 crore) loan to Indian government to provide […]
EESL Floats Tender for 1.9 Million LED Streetlights at PAN India under SLNP
Design, Manufacture, Testing, Supply & 7 Years Warranty of 1.9 Million LED Street Lights and other Related works at Telangana Gram Panchayat and other various location at PAN India under SLNP For more information please see below link:
Brookfield in talks to invest $800 million in ReNew Power
Deal could offer partial exit to Goldman Sachs that owns 48% stake in green energy company. Goldman Sachs, a backer of the company since 2011, has invested about $370 million in ReNew Power through 2013 and 2014. Founded in 2011 by Sumant Sinha, t… MUMBAI: Canadian asset management firm Brookfield is in talks to […]
Electric vehicles will help in cutting imports and pollution: Nitin Gadkari
Nitin Gadkari said his immediate agenda is to revive the stalled highway projects. Nitin Gadkari has lined up mega plans in his second innings as the minister of road transport & highways. In an interview with Prerna Katiyar, the Nagpur MP, who now also heads the ministry of micro, small & medium enterprises, speaks about […]
ADB sets up trust fund to cope with climate change in Pacific
Asian Development Bank (ADB)’s annual meeting is taking place for the first time in Fiji. Maria Carmela Locsin, the Director General of the Pacific Department said it sends a strong message about the importance of helping ADB’s clients and Small Island Developing States (SIDS). One of their major challenges is climate change. “Effects of climate change in terms of […]
MP govt invites bids for 25 MW rooftop solar projects
Madhya Pradesh government Tuesday said it has invited bids for 25 MegaWatt (MW) rooftop solar projects for industrial units in the state. The tenders have been invited by state-owned Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) and the last day to submit financial bids is May 10, 2019. “Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) […]
ADB signs loan to finance SUS Environment’s waste-to-energy project in PRC
ADB’s loan to SUS will expand the PRC’s low-carbon circular economy and make cities more livable, through integrated urban waste management systems. The Asian Development Bank (ADB) signed a $100 million loan with Shanghai SUS Environment Company Limited (SUS) to finance a portfolio of innovative and socially inclusive waste-to-energy (WTE) facilities within low carbon eco-industrial […]
ADB to invest USD 50 mn in solar project developer Avaada
Asian Development Bank (ADB) Tuesday said it has inked an agreement to invest USD 50 million in solar energy project developer Avaada Energy Pvt Ltd to help the company scale up rapidly. The investment will come equally from ADB’s Ordinary Capital Resources and Leading Asia’s Private Infrastructure Fund (LEAP). LEAP is a funding arrangement provided […]
Govt, ADB sign $169 min loan to provide water, sanitation services in TN
New Delhi: The Centre and the Asian Development Bank on Friday signed a 169 million dollars loan as the first tranche of a 500 million dollars multi-tranche financing to develop climate-resilient water supply, sewerage and drainage infrastructure in at least 10 cities in Tamil Nadu. The loan was signed by Department of Economic Affairs Additional […]