New Delhi – SAEL Solar MHP1 Pvt. Limited, a subsidiary of SAEL Industries Ltd., a clean energy company, has secured a debt finance amounting to of US$132 million from three global financial institutions —Asian Infrastructure Investment Bank (AIIB), New Development Bank (NDB), and Societe Generale for development of a solar power project in Andhra Pradesh. […]
NDB Stresses On Alignment With BRICS Business Forum – EQ Mag Pro
New Development Bank (NDB) on Wednesday stressed on alignment with the BRICS Business Forum, which would underscore further potential in collaborating with businesses. NDB has been set up by Brazil, Russia, India, China and South Africa (BRICS) to mobilise resources for infrastructure and sustainable development projects in the bloc and other economies, as well as […]
The Good, the Bad and the Urgent: MDB Climate Finance in 2020
Multilateral development banks (MDBs) play an important role in financing developing countries’ efforts to reduce emissions and protect against the effects of climate change, and 2020 was a critical waypoint for MDB climate finance. For one, it marked the due date for the climate finance targets many MDBs set in 2015. 2020 was also the […]
NDB, ISA tie up, inks joint declaration to promote solar energy
New Delhi: New Development Bank and International Solar Alliance have joined hands to promote solar energy across the globe. “On March 10 2018, the New Development Bank (NDB) and International Solar Alliance (ISA) signed in New Delhi, India a Joint Declaration for the Promotion of Solar Energy Globally,” an NDB statement said. The Declaration was […]