{"id":102209,"date":"2020-10-07T14:03:25","date_gmt":"2020-10-07T14:03:25","guid":{"rendered":"https:\/\/www.edristi.in\/?p=102209"},"modified":"2020-10-07T14:03:28","modified_gmt":"2020-10-07T14:03:28","slug":"avaada-energy","status":"publish","type":"post","link":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/avaada-energy\/","title":{"rendered":"Avaada Energy"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Question : The Asian Development Bank (ADB) has signed an agreement to help the Avaada Energy to scale up photovoltaic solar energy generation capacity in India.What is the agreement\/investment amount ?<br><\/strong>(a)15 million dollar<br>(b)5 million dollar<br>(c)10 million dollar<br>(d)8 million dollar<br><strong>Answer (a)<br>Related facts<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The Asian Development Bank (ADB) has signed an agreement to invest $15 million in INR equivalent in Avaada Energy Private Limited (AEPL) to help the company to scale up photovoltaic solar energy generation capacity in India.<\/li><li>This is ADB\u2019s second investment in AEPL after a first round of $50 million invested in April 2019. The latest investment will come from ADB\u2019s Ordinary Capital Resources and from Leading Asia\u2019s Private Infrastructure Fund (LEAP), each of which will invest $7.5 million. LEAP was established in 2016 by the Japan International Cooperation Agency to finance high quality and sustainable private sector infrastructure projects.<\/li><li>The agreement was signed by the Director of Infrastructure Finance, South Asia, Central Asia, and West Asia at ADB\u2019s Private Sector Operations Department Shantanu Chakraborty and Chair of AEPL Vineet Mittal.<\/li><li>\u201cThe project is part of ADB\u2019s ongoing support to India\u2019s renewable energy sector and will help the Government of India meet its targets for clean power generation,\u201d said Mr. Chakraborty. \u201cWe are pleased to enhance our commitment in AEPL and expect this investment to send positive signals to global investors to continue supporting the growth of renewable energy in India.\u201d<\/li><li>\u201cADB\u2019s investment reinforces the strong support of international development community to India\u2019s efforts at ramping up its clean energy generation,\u201d said Mr. Mittal. \u201cIt also validates AEPL\u2019s strong track record and commitment to create cleaner and more sustainable power generation in India.\u201d<\/li><li>AEPL is a leading developer of solar energy projects in India through utility scale, rooftop, and off-grid solar facilities. The company has almost 1 gigawatts (GW) of operational capacity, and with the second round of equity investment will be well placed to expand capacity to more than 3.5 GW.<\/li><li>ADB has supported the development of renewable energy in India since 2007, when it financed initial wind projects under the independent power producer (IPP) model. ADB has subsequently financed solar IPPs through projects under the National Solar Mission and various state policies.<\/li><li>The project will contribute to the Government of India\u2019s strategy to increase the share of renewable energy generation capacity from about 20% in 2018 to 40% by 2030. It reflects ADB\u2019s commitment to provide cumulative climate finance of $80 billion from 2019 to 2030.<\/li><li>ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members\u201449 from the region.<\/li><\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><strong>By &#8212; Pankaj Pandey.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Link:<\/strong><br><a href=\"https:\/\/www.adb.org\/news\/adb-invest-15-million-avaada-energy-expand-renewable-energy-capacity-india\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.adb.org\/news\/adb-invest-15-million-avaada-energy-expand-renewable-energy-capacity-india<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Question : The Asian Development Bank (ADB) has signed an agreement to help the Avaada Energy to scale up photovoltaic solar energy generation capacity in India.What is the agreement\/investment amount ?(a)15 million dollar(b)5 million dollar(c)10 million dollar(d)8 million dollarAnswer (a)Related facts The Asian Development Bank (ADB) has signed an agreement to invest $15 million in [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":102210,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[2486],"class_list":["post-102209","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-planning-and-project"],"_links":{"self":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/102209","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/comments?post=102209"}],"version-history":[{"count":1,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/102209\/revisions"}],"predecessor-version":[{"id":102211,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/posts\/102209\/revisions\/102211"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media\/102210"}],"wp:attachment":[{"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/media?parent=102209"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/categories?post=102209"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.edristi.in\/hi\/%e0%a4%b9%e0%a5%8b%e0%a4%ae\/wp-json\/wp\/v2\/tags?post=102209"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}