The World Bank has approved a $486 million credit facility to Nigeria for electricity gridimprovements, the lender said on Friday.
Budget 2018: Highlighting the importance of Budget 2018, PM Narendra Modi on Monday said the world has high expectations with Indian Economy. Modi said that global institutions like World Bank and IMF have eyes on Indian 2018 Budget.
Pakistan on Saturday sought the World Bank’s effective role in resolving the water dispute with neighbouring India. Prime Minister Shahid Khaqan Abbasi called on a delegation of the World Bank headed by Regional Vice President Annette Dixon at the PM house. Patchamuthu Illangovan, country director of the bank, Snezana Stoilikovic and regional vice president of […]
Solar Energy Corporation of India (SECI) has reached out to industry to establish how much interest there is in providing EPC services for a 160MW solar-wind hybrid project coupled with energy stroage in the state of Andhra Pradesh.
The World Bank’s International Finance Corp (IFC) will provide $440 million in debt to Mahindra Renewables Pvt. Ltd, Acme Group and global private equity fund Actis Llp to build the Rewa solar park in Madhya Pradesh.
In one of the biggest deals in the renewable energy space, International Finance Corporation (IFC), part of World Bank group, is close to investing $440 million or Rs 2,800 crore in Rewa Ultra Mega Solar Park in Madhya Pradesh.
The governments of India and Tamil Nadu on Tuesday signed an agreement with the World Bank for the multilateral lender to provide a $318 million loan for modernisation of irrigation projects in Tamil Nadu, improve market opportunities for small and marginal farmers and their adoption of climate resilient techniques.
The Ministry of New & Renewable Energy in India plans to add yet another record-breaking project in its portfolio and it has chosen the district of Anantapur in the state of Andhra Pradesh where it plans the world’s largest solar-wind hybrid project.
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.