Sri Lanka will Use $100 Million Indian Credit Line for Rooftop Solar

In the middle of the acute economic crisis and increasing losses to the state electricity distribution entity, the Sri Lankan government has decided to utilise the line of credit worth $100 million granted by India. In July, 2021, India had signed an agreement with Sri Lankan Government to extend a USD 100 million Line of […]

Read more

India Offers $100 Mn LOC to Sri Lanka for Three Solar Projects

India has offered a LOC worth USD 100 million to Sri Lanka for three solar projects in the country, according to an official statement. India has offered a Line of Credit (LOC) worth USD 100 million to Sri Lanka for three solar projects in the country, according to an official statement. India’s high commissioner to Sri Lanka Gopal Baglay had called on […]

Read more

India Extends $75 mn LOC to Cuba for Solar Projects

India has extended a LOC of USD 75 million to Cuba for financing solar projects after the agreement between Exim Bank and Banco Exterior De Cuba came into effect. India has extended a line of credit (LOC) of USD 75 million (Rs 500 crore) to Cuba for financing solar projects. An agreement signed between Export-Import Bank of India (Exim Bank) […]

Read more

India Extends LOCs for two Solar Projects in Guinea

India has extended Line of Credits for two solar projects in Guinea. The development of solar projects reflected Guinea’s commitment to ISA. India has extended Line of Credits for two solar projects in Guinea. The agreements were exchanged in the presence of External Affairs Minister S Jaishankar and his Guinean counterpart Mamadi Toure. The two countries […]

Read more

IREDA & European Investment Bank sign Euro 150 million Loan Agreement for Renewable Energy Financing in India

More than 1 million Indian households to benefit from the new initiative EIB has extended this line of credit without insisting for sovereign guarantee from Government of India European Investment Bank (EIB) and Indian Renewable Energy Development Agency (IREDA) Ltd. have signed a loan agreement for a second line of credit (LoC) of Euro 150 […]

Read more