The World Bank has agreed to make available a $200 million (Rs 1,100 crore) line-of-credit to IIFCL (India Infrastructure Finance Company Ltd) for lending to solar power projects in India. This will pave the way for cheaper loans for solar projects.
The LoC to be operational by the end of this month. The LoC is available for all renewable energy projects but priority is solar. IIFCL is already a major lender to solar projects with exposure of Rs 570 crore. It is learnt that the
No comments:
Post a Comment