BANK NEWS
World Bank Loan for IREDA Solar Projects
New Delhi: World Bank financing of USD 100 Million for the development of internal infrastructure of solar parks has been planned by Indian Renewable Energy Development Agency Ltd. (IREDA) under the aegis of Ministry of New and Renewable Energy.
The World Bank loan is proposed to flow to the interested Solar Power Park Developers (SPPDs) through IREDA. This was stated by Shri Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy and Mines in a written reply to a question in the Lok Sabha today.
The first 100 MW of solar rooftop financing under this loan has just been approved, the Minister added.
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