Export-Import Bank of India (Exim Bank) will finance 27 solar power projects worth $1.4 billion spread across 15 countries, said David Rasquinha, Managing Director, Exim Bank here on Monday. “As an agent of Government of India, we are trying to promote solar power projects across the world,” said Rasquinha.
He was addressing the press on the sidelines of ‘Financing Solar Projects under Government of India’s Lines of Credit (LOCs)’, a business outreach program held in the city.
The solar projects predominantly located in Africa and South America are identified by International Solar Alliance and will include grid projects to generate solar power and off-grid projects like rooftop solar and irrigation pumps powered by solar panels.
“Exim Bank has already provided LOCs worth $226 million to finance 16 solar projects in various developing countries,” Rasquinha added. Read More