New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Asian Development Bank (ADB) has sanctioned a _____ loan

    to waste-to-energy maker SAEL Industries  for the construction of five biomass power plants in the districts of Bikaner, Churu, Hanumangarh, Jhunjhunu and Sikar in Rajasthan.
    A Rs.754 crore Correct Answer Incorrect Answer
    B Rs.799 crore Correct Answer Incorrect Answer
    C Rs.812 crore Correct Answer Incorrect Answer
    D Rs.850 crore Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Asian Development Bank (ADB) has sanctioned a ₹754 crore loan to waste-to-energy maker SAEL Industries. The funds will be used for the construction of five biomass power plants in the districts of Bikaner, Churu, Hanumangarh, Jhunjhunu and Sikar in Rajasthan.   As part of a five-year plan, SAEL intends to construct 3.5 gigawatts of green energy capacity. It will add 100 megawatts of new biomass and 600 megawatts of new solar capacity annually over the next four years.

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