ADB to lend USD 175 mn to improve solar transmission

China-led AIIB and multilateral funding agency ADB will co-finance a usd 100-million loan for India to improve power transmission network and expand the use of solar and wind energy, state media.

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The ADB will offer USD 175 million loan to support construction of high voltage transmission systems to evacuate power from new mega solar parks to the inter-state grid and improve reliability of.

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According to reports, the Asian Development Bank (ADB) has extended a $175 million loan to the Power Grid Corporation of India Ltd.An official statement stated that this will be "to support construction of high voltage transmission systems to evacuate power generated from new mega solar parks to the interstate grid, and improve reliability of the national grid system."

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The Asian Development Bank (ADB) has approved a US$175 million loan to India’s major network operator and utility Power Grid Corporation of India (Powergrid) relating to solar park transmission.

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ADB signs $175 mln loan pact with govt to help improve solar transmission system The project will improve the capacity and efficiency of interstate transmission networks, particularly in transmitting the electricity generated from the new solar parks to the national grid.

June 21 (Renewables Now) – The european investment bank (eib) said on Wednesday it has signed a deal to provide up to USD 11.75 million (eur 10.1m) in debt for the construction of a 28-MW solar park in Zambia. The loan agreement is for the Ngonye photovoltaic (pv) project, proposed by Italy-based energy giant Enel Group and Zambia’s.

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