NHPC contributes rs. 1 crore to International solar alliance corpus fund

New Delhi: NHPC, India’s hydropower major, which has diversified its portfolio to include Solar Power business has contributed an amount of Rupees One Crore to International Solar Alliance-Corpus Fund as part of first installment. NHPC is eyeing on becoming Corporate Member of the ISA to avail the benefits of its membership. NHPC’s membership will open up collaborative opportunities with World Bank, ADB, AIIB, EIB, EBRD, AfDB, NDB and GCF (ISA's financial partners) as syndicate/ consortium to fund infrastructure Projects. NHPC will also have access to low cost fund from solar bonds to be raised by ISA knowledge partners such as London Stock Exchange among others, who are ISA’s sub-sovereign partners. The membership will give NHPC new financing opportunities in emerging markets of ISA Member Countries and ISA will facilitate its entry into the markets in Member Countries. Becoming a Corporate Member of the ISA, would pave way for NHPC to mark its presence in other countries in near future. NHPC will also be joining the “Annual Conclave of ISA Corporate Partners” and get an opportunity to shape the ISA policies, programs, activities and functions that could further or supplement or align with its own policies.