ADB commits USD 434.25 million loan for solar facility in Assam

ADB commits USD 434.25 million loan for solar facility in Assam

Daily Current Affairs   /   ADB commits USD 434.25 million loan for solar facility in Assam

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Category : Business and economics Published on: October 28 2024

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  • The Asian Development Bank (ADB) has approved a loan of US$434.25 million (about Rs 3,600 crore) to enhance renewable energy capacity and improve energy security in Assam.
  • This project aims to help Assam develop a renewable energy roadmap and increase its solar capacity, supporting the state’s target of achieving 3,000 MW of renewable energy by 2030.
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