This willingness comes amid the country’s dire need for foreign investments in energy production from domestic resources.
A constructive engagement between Pakistan and India during a latest round of water talks held here has raised hopes for an amicable resolution of the dispute, according to a top international expert.
Under the Indus Waters Treaty, India is permitted to construct hydroelectric power facilities on tributaries of the Jhelum and Chenab rivers with certain restrictions, the World Bank has said.
The World Bankhas assured its continued neutrality and impartiality in helping India and Pakistanfind an “amicable way forward” during talks over issues related to two of India’s hydroelectricity projects under Indus Waters Treaty.
The World Bank loan is proposed to flow to the interested Solar Power Park Developers (SPPDs) through IREDA
World Bank financing of USD 100 Million for 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 & Renewable Energy.
Indian Railways Could Transform In Two-three Years; World Bank To Help It Plan Rs 5 Lakh Crore Investment
The World Bank will help orchestrate the Indian Railways ambitious Rs 5 lakh crore investment for a grand revamp, transforming the 164-year old network and making it a key contributor to the country’s growth.
The World Bank has said that India is emerging as a front runner in the global fight against climate change. It further observed that the solar power is gradually displacing coal as an energy source in the country.
India today signed an agreement with the World Bank for co-financing loans worth USD 570 million for ‘Power for All’ project in Andhra Pradesh.
Son of late Ved Prakash Goyal who had served as a Union Minister for shipping in the Atal Bihari Vajpayee cabinet, Piyush Goyal, the Minister of State with Independent Charge for Power, Coal, New and Renewable Energy and Mines, has in the past three years completely transformed the power and energy scenario in the country.
The World Bank has announced $ 240 million credit line to support Andhra Pradesh Government’s effort to provide 24×7 quality and affordable power to its citizens.