Question: Recently US announced two financial projects worth USD 95 million in India with the aim to-
(a) Bring more energy-efficient appliances to rural sector
(b) Help in Clean India mission for the construction of toilets.
(c) Improve India’s basic infrastructure
(d) Promote latest technology in agriculture
Ans. (a)
Related facts:
- On 14 November 2016 US announced two financial projects worth USD 95 million in India .
- The aim of the project is to bring more energy-efficient appliances to rural sector, as part of its efforts to continue the global transition to zero-and-low carbon energy sources.
- The US has committed USD 70 million in Overseas Private Investment Corporation (OPIC) financing for renewable energy projects in India.
- It has also announced to launch a USD 20 million partnership this week with the philanthropic sector to bring more efficient appliances to rural Indian villages.
- The USD 75 million OPIC financing has been allocated for a utility-scale PV project in Telangana.
- It is sponsored by Renew Power Ventures.
Reference:
http://www.business-standard.com/article/pti-stories/india-and-us-launch-usd-95-mln-clean-energy-projects-116111401616_1.html
http://airworldservice.org/english/archives/36482
http://economictimes.indiatimes.com/industry/energy/power/india-and-us-launch-95-million-clean-energy-projects/articleshow/55421849.cms