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EIB to sign loan pact with India for clean energy projects on March 10

Press Trust of India  |  New Delhi 

(EIB) today said it will ink an agreement on Saturday to provide loan for small and big projects in India, which will be part of its Euro 800 million investment in the country.

"..on March 10, will be signing a new loan for large and small projects all over This is part of a EUR 800m investment in renewables in - most of which will be solar - announced last year," a statement by said.

Werner Hoyer, the of the (or of the European Union) will be participating in the first summit of the (ISA) in on December 11, 2018.

The bank said that the initiative by and French to organise ISA Summit will spread solar and provide affordable to the 121 countries by improving financing, sharing technology and crowding in the private sector.

The claimed that it is the world biggest of climate action and In 2017 the EIB financed EURO 19.6 billion of climate action projects, which is about 28 per cent of its total financing.

Last year, the EIB signed a partnership with the aimed at supporting the initiative with EIB financing and expertise in particular the experience of crowding in the private sector.

Hoyer is in for the summit to be held on March 11.

On March 9, an all women round-table of Delhi-based gender campaigners, environmentalists and will join the of the EIB's Division for a Live debate in with a live audience to debate how to Make Climate Action Count and ask who really benefits, and how to make sure projects take the concerns of women on board . It's timed to coincide with as well as the ISA.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 08 2018. 16:30 IST