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 reported today.
The loan, approved by the Board of Directors of the Beijing-headquartered Asian Infrastructure Investment Bank (AIIB), involves co-financing of USD 50 million from the Manila-based Asian Development Bank (ADB), state-run Xinhua news agency reported today.
This was the fourth co-financing made by the AIIB and the ADB, two major multilateral development banks in Asia. Read More…
Latest posts by ET Energy World (see all)
- Arunachal Chief Secy Says State To Become More Vibrant; Two Hydro Projects To Start - February 21, 2018
- Opening Coal Sector For Pvt Cos To Boost FDI: Anil Agarwal - February 21, 2018
- Trudeau’s India Visit: How India And Canada Can Achieve Ambitious Climate Targets - February 21, 2018