WASHINGTON, March 29, 2019 – The World Bank Board of Executive Directors today approved financing for the following project:
India - Innovation in Solar Power and Hybrid Technologies
IBRD Loan: $150 million
Terms: Maturity = 20 years ; Grace period = 5 years
Project ID: P160379
Project Description: The project aims to demonstrate the operational and economic feasibility of utility-scale innovative renewable energy technologies and battery energy storage solutions, and to strengthen institutional capacity to facilitate scale-up of such technologies on a commercial basis in India.
