ADB Helps Promote Solar Energy Use in Indian State

The Asian Development Bank has approved a $100 million loan to help finance the construction of new solar power facilities in the Indian state of Gujarat.

The funds will be used for transmissions lines, a substation and other equipment needed to collect and distribute solar power from plants in Gujarat’s Charanka Solar Park, ADB said in a statement. A portion of the loan will go towards a vocational training program for some 300 people in the state.

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About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.