The Asian Development Bank (ADB) is extending loans of up to $100 million to help India’s pioneering private sector solar power developer, the ACME group, finance badly needed new solar plants. “Solar and other renewable power sources are essential for India’s energy diversification and security, and for underpinning the country’s long term growth,” said Isabelle Chauche, Investment Specialist in ADB’s Private Sector Operations Department. “ADB’s support for ACME will help...
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