World Bank

Bangladesh, World Bank Ink $55 Mn Pact to Expand Renewable Energy Usage in Rural Areas

The additional financing to the Second Rural Electrification and Renewable Energy Development (RERED II) Project will install 1,000 solar irrigation pumps, 30 solar mini-grids, and about 4 million improved cookstoves in rural areas. In order to expand renewable energy usage in rural areas, the Bangladesh government has inked a USD 55 million financing pact with the World […]

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Solar Street Lighting Market to Grow at Brisk Pace for Few Years: Research

The governments of many countries such as India, China, and the US have made stringent regulations and schemes such as feed in tariffs and quota based renewable portfolio standards (RPS), or promotion of renewable sources of energy such as solar, wind power and others. A recent market research from P&S Market Research has showed that […]

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World Bank Approves $300 Mn to Scale Up India’s Energy Efficiency Program

The program will be implemented by the EESL, to help scale up the deployment of energy saving measures in residential as well as public sectors, strengthen EESL’s institutional capacity, and enhance its access to commercial financing. The World Bank has approved a USD 220 million loan and an USD 80 million guarantee for the country’s energy efficiency […]

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Andhra Pradesh to Give Farmers Power to Sell Power

The project will be launched on a pilot basis in Visakhapatnam, Vizianagaran and Srikakulam district. The first 75,000 solar pump sets worth Rs 3.5 lakh each will be provided to farmers in these districts. On an estimate the pilot project will cost around Rs 2,625 Crore. Andhra Pradesh government is planning to initiate a scheme […]

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World Bank’s Baffling Figures Reveal 85% of India Electrified

India has provided electricity to 30 million people each year between 2010 and 2016, World Bank has said, adding that it is more than any other country in the world. Lauding India on its latest report, World Bank noted that India is doing ‘extremely well’ on electrifying major portion of the country. Now, nearly 85 […]

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New Research Brings Us Closer to Cheap, Transparent, Organic Solar Cells

The age of fossil fuels is coming to an end, and the age of renewable energy has dawned—or, it will be dawning soon. In 2014 the World Bank estimated that over 80 percent of the world’s energy came from fossil fuels. That figure is set to drop as countries adopt ambitious goals to move towards […]

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India, France to Co-Host First International Solar Alliance Summit in Mar

India will achieve 22 GW solar energy capacity by next month and should be able to meet its target of 100 GW by 2022. India and France will co-host the first International Solar Alliance (ISA) Summit on March 11 to be held at Rashtrapati Bhavan in New Delhi, where at least 10 heads of state are expected […]

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Ireda and Rumsl Join Hands for Large-Scale Solar Parks in Madhya Pradesh

Out of the total power proposed to be generated at Rewa solar park, 24% has been agreed to be purchased by Delhi Metro Rail Corporation and balance 76% by Madhya Pradesh Power Management Company Ltd ( MPPMCL). Indian Renewable Energy Development Agency Limited (IREDA) and Rewa Ultra Mega Solar Limited (RUMSL) signed an agreement today […]

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Engagement of Environmental Consultant for SECI

Solar Energy Corporation of India Limited (SECI) is planning to set up a solar –wind hybrid project with World Bank financing. To assess and ensure the environmental safeguards requirement for the project, SECI intends to engage a Consultant on environmental matters on Retainer basis. Individuals having vast experience in various areas of preparation and implementation of environmental and social […]

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