Union Government inks Loan Agreement with World Bank for Shared Infrastructure for Solar Parks Project

Posted on:21 Nov 2017 09:20:26
Union Government inks Loan Agreement with World Bank for Shared Infrastructure for Solar Parks Project
21 November 2017 Current Affairs: The Union Government signed a guarantee agreement for IBRD/CTF loan of US $98 million and Grant Agreement for the US $2 million for Shared Infrastructure.

The objective Shared Infrastructure for Solar Parks Project is to increase solar generation capacity through the establishment of large-scale parks in the country.

The project consists of two components viz. (i) Shared Infrastructure for Solar Parks and (ii) Technical Assistance.
The Union Government signed a guarantee agreement for IBRD/CTF loan of US $98 million and Grant Agreement for the US $2 million for Shared Infrastructure.

The objective Shared Infrastructure for Solar Parks Project is to increase solar generation capacity through the establishment of large-scale parks in the country.

The project consists of two components viz. (i) Shared Infrastructure for Solar Parks and (ii) Technical Assistance.

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