The World Bank will no longer finance upstream oil and gas projects after 2019, apart from certain gas projects in the poorest countries in exceptional circumstances, it said, drawing praise from environmental groups.
American private equity major Warburg Pincus-backed rooftop solar company CleanMax Solar has raised $15 million in equity capital from World Bank arm International Finance Corp. (IFC), said a senior executive of the firm.
The Government of India and the World Bank signed a US$98 million Loan Agreement and US$2 million Grant Agreement to help India increase its power generation capacity through cleaner, renewable energy sources by setting up solar parks.
Vishwas Jape, senior advisor to the World Bank, has raised objections to the ‘waste-to-energy’ plant planned by the Pimpri-Chinchwad Municipal Corporation (PCMC) at its Moshi garbage depot.
Developing countries like India can meet the climate targets under the Paris Agreement by catalysing trillions of dollars in private investment through policy reforms and innovative business practices, World Bank arm IFC said in a report today.
Developing countries like India can meet the climate targets under the Paris Agreement by catalysing trillions of dollars in private investment through policy reforms and innovative business practices.
Finance Minister Arun Jaitley on Thursday said more and more multilateral institutions and development banks need to join hands with the International Solar Alliance (ISA) to promote renewable energy.
State Bank of India (BOM:500112), or SBI, on Monday announced it will extend INR 23.17 billion (USD 357m/EUR 307m) in financing 575 MW of grid-connected rooftop solar projects.
The state government on Monday signed documents to give guarantee for procurement of solar power from Rewa Ultra Mega Solar project for the state discoms.
India’s powercompanies have a problem largely responsible for $10 billion a year in losses. Slum dwellers steal electricity and refuse to pay their bills.