International Bank for Reconstruction and Development

World Bank Okays $250 Mn for Rajasthan’s Electricity Distribution Sector Reforms

This is the second loan for Rajasthan in the series of two operations planned for a comprehensive turnaround of the state’s electricity distribution sector. It’s first loan was closed in March 2017. The World Bank has approved USD 250 million development policy loan (DPL) aiming to help Rajasthan government in improving the performance of its electricity distribution […]

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Azure Power Taps IBRD (World Bank) Loan to Scale its solar rooftop platform

The loan is for 15 years with an interest rate of 8.35% per annum, one of the lowest interest rates availed by a solar power developer in the Indian solar sector to date. The loan will be utilized to scale Azure Roof Power, Azure Power’s solar rooftop platform. Azure Power, an independent solar power producer […]

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