adb usaid to collaborate on developing clean energy infrastructure in india
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

ADB, USAID to Collaborate on Developing Clean Energy Infrastructure in India

Arab Today, arab today

Arab Today, arab today ADB, USAID to Collaborate on Developing Clean Energy Infrastructure in India

USAID
NEW DELHI - WAM

The Asian Development Bank (ADB) and the United States Agency for International Development (USAID) today signed a Memorandum of Understanding (MoU) to collaborate on supporting India’s ambitious expansion plans for clean energy infrastructure.

ADB is currently financing the development of power evacuation infrastructure for solar parks in Gujarat and Rajasthan in India. The Department of Economic Affairs, Ministry of Finance, Government of India, has requested ADB to provide financing up to $500 m each to support rooftop solar, and expansion of the transmission network to connect solar parks in multiple states under the Ministry of New and Renewable Energy (MNRE) solar park program. Under the terms of the MoU, USAID will align components of their technical assistance with ADB’s current and planned investments in renewable energy, Manila-based ADB said in a press release.

USAID, through its Partnership to Advance Clean Energy Deployment (PACE-D) Program, will work with ADB to assist MNRE and select states in the design and development of public private partnership (PPP) investment models for solar parks. Future technical assistance will focus on bringing innovation to the grid integration of power from areas of concentrated renewable energy generation, such as at solar parks. The specific frameworks for technical assistance are being established in coordination with MNRE.

"ADB welcomes this collaboration with USAID that brings together our respective strengths, expertise, and resources to the common objective of supporting India’s targets for clean energy expansion," said M. Teresa Kho, Country Director for ADB in India, who signed the MoU for ADB.

"USAID and ADB have a shared interest in helping the Government of India achieve its clean energy targets. This partnership with ADB is a good example of how together we can broaden and multiply our contribution. By aligning our technical expertise and financial resources, we can have an out-sized impact on clean energy deployment," said Jonathan Addleton, Mission Director for USAID India.

Source:WAM

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

adb usaid to collaborate on developing clean energy infrastructure in india adb usaid to collaborate on developing clean energy infrastructure in india

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

adb usaid to collaborate on developing clean energy infrastructure in india adb usaid to collaborate on developing clean energy infrastructure in india

 



GMT 05:03 2017 Saturday ,21 October

EMPC denies transfer to new administrative capital

GMT 10:50 2014 Friday ,07 November

UAE Fables and Folklore

GMT 12:10 2017 Tuesday ,07 March

Poachers kill rare giant elephant in Kenya

GMT 00:31 2016 Thursday ,08 December

Kuwaiti-European group considers investing $1bn

GMT 12:31 2017 Thursday ,06 April

At 73, Barry Manilow comes out of closet

GMT 18:34 2017 Friday ,10 February

Malabar Gold to open 11th Saudi showroom in Jubail

GMT 16:18 2017 Monday ,02 October

Saudi university to open driving school for women

GMT 16:20 2017 Wednesday ,18 October

French parliament adopts tough anti-terror bill

GMT 02:18 2017 Tuesday ,03 October

Egypt's Sisi says spoke to Donald Trump by telephone
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday