December 2016 Current Affairs

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SBI secures $625 million from World Bank for solar programme

SBI secures $625 million from World Bank for solar programme
04 July 2016 Current Affairs: India’s largest lender State Bank of India (SBI) has signed an agreement worth 4,200 crore rupees ($625 million) with the World Bank to support its grid connected rooftop solar photovoltaic (GRPV) programme. The programme also aims at improving the investment climate for solar PV, and increase the ease of doing rooftop business. It will also support development of the overall solar rooftop PV market.

Under GRPV programme, at least 400 MW solar capacity will be created across the country. This agreement will help SBI to finance grid connected rooftop solar photovoltaic projects at very competitive rates. 

The investment climate for solar PV projects will be improved through technical assistance to strengthen the capacity of key institutions. The eligible beneficiaries under the programme would be developers, aggregators and end-users. 

Mainly they will set up solar projects on commercial, industrial and institutional rooftops.


December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS




October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
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25 AUG
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