In Short : The Asian Development Bank (ADB) and Germany’s KfW Development Bank have signed a new \$2 billion cofinancing deal to strengthen collaboration through 2028. Announced at ADB’s annual meeting in Milan, the agreement will fund clean energy, urban infrastructure, water, sanitation, and climate resilience projects, building on their decade-long partnership that has already […]
IREDA signs loan agreement with KFW to finance ‘Access to Clean Energy Projects’ meant for decentralized solar applications – EQ Mag
The total sanctioned amount of the agreement is EUR 20 million (EESL) has signed loan agreements from multilateral agency – ADB and bilateral agency – KfW, for Decentralized Solar and Electric Mobility Indian Renewable Energy Development Agency Limited (IREDA) has signed a loan agreement with KFW namely, KFW VI line of credit for financing ‘Access […]
KFW offers Rs 600cr loan to Bengal for solar park project
Kolkata: German KfW Development Bank has agreed to give a soft loan of Rs 600 crore to West Bengal power utility for the first phase of a 125MW solar park project in Purba Medinipur district, Power minister Sobhandeb Chattopadhyay said. The project to be executed by the West Bengal State Electricity Distribution Company Limited (WBSEDCL), […]
PFC inks loan pact for Euro 200 Million with KfW
The PFC will on-lend these funds for development of the distribution infrastructure of state-owned companies, a PFC statement said. State-run Power Finance Corporation (PFC) on November 1 said it has signed an agreement with German development bank KfW for a 200 million euro loan. The PFC will on-lend these funds for development of the distribution […]
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 […]
Nigeria: African Development Bank approves $15 million investment package for Infrastructure Credit Guarantee Company
The Board of the African Development Bank has approved a $15-million investment package to Infrastructure Credit Guarantee Company (InfraCredit), to support infrastructure financing through the domestic debt capital markets in Nigeria. The investment package to InfraCredit is comprised of a subordinated loan of $10 million and a risk sharing facility of up to $5 million. […]
German help for South Asia’s biggest floating solar power plant in West Bengal
KOLKATA: Bengal is set to get South Asia’s biggest floating solar power plant. The 500MW plant is likely to attract an investment of Rs 2,500 crore. Sources in power department indicated that Kangsabati river at Mukutmanipur could be the location for the project. If everything goes as per plans, it may also become the country’s […]