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LOANS & CREDITS March 29, 2019

India: Innovation in Solar Power and Hybrid Technologies

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.


New Delhi
Sudip Mozumder
Principal Communications Officer
Elena Karaban
Senior Communications Officer