Question: Recently the World Bank Board has approved a $625 million loan to support the Government of India’s program to generate electricity from widespread installation of rooftop solar photo-voltaic (PV). The program will be implemented by which of the following bank?
(a) State Bank of India
(b) Reserve Bank of India
(c) HDFC
(d) Bank of Baroda
Ans: (a)
Related facts:
- On 13 May 2016 the World Bank Board approved a $625 million loan to support the Government of India’s program to generate electricity from widespread installation of rooftop solar photo-voltaic (PV).
- The Board also approved a co-financing loan of $120 million on concessional terms and a $5 million grant from Climate Investment Fund’s (CIF) Clean Technology Fund.
- The project will finance the installation of at least 400 MW of Grid Connected Rooftop Solar Photovoltaic (GRPV) across India.
- The project will be implemented by the State Bank of India (SBI). SBI will on-lend funds to solar PV developers/aggregators and end-users.
Reference:
http://www.worldbank.org/en/news/press-release/2016/05/13/world-bank-approves-625-million-to-support-grid-connected-rooftop-solar-program-in-india
http://www.thehindu.com/business/world-bank-approves-aid-for-indias-solar-programme/article8607725.ece?textsize=small&test=2