Government of India and World Bank Sign Agreement to Set-Up Large-Scale Solar Parks
(WorldNews Environment)

New Delhi November 20, 2017 - The Government of India and the World Bank today signed a US$98 million Loan Agreement and US$2 million Grant Agreement to help India increase its power generation capacity through cleaner, renewable energy sources. The Shared Infrastructure for Solar Parks Project will finance the Indian Renewable Energy Development Agency Limited (IREDA), to provide sub-loans to select states to invest in various solar parks, mostly under the Ministry of New and Renewable Energy`s (MNRE) Solar Park Scheme. The first two solar parks to be supported under the project are in the Rewa and Mandsaur districts of Madhya Pradesh, with targeted installed capacities of 750 MW and 250...