India supported commissioning of a study about structure a common risk mitigation mechanism (CRMM) for solar power generation projects
Posted on:20 May 2017 16:02:02
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20 May 2017 Current Affairs:
India along with countries like Argentina, Burkina-Faso, Chad, France, Ivory Coast, Mali, Namibia, Niger, Nigeria, Senegal, Uganda and Yemen has jointly commissioned a study to define and structure a Common Risk Mitigation Mechanism (CRMM) for solar power generation projects in solar-rich countries.
The study is aimed at a reduction in the cost of finance for renewable energy and the overall price of electricity.
The study investment monitored by Terrawatt Initiative (TWI), the World Bank Group, the Currency Exchange Fund (TCX), the Council on Energy, Environment and Water (CEEW) and also the Confederation of Indian Industries (CII).
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