Question
What amount of long-term loan has the European
Investment Bank announced to State Bank of India to finance mega-solar projects in India?Solution
The European Investment Bank on 31 March 2017 announced a euro 200 million (₹1,400 crore) long-term loan to State Bank of India to finance mega-solar projects in the country. The loan will support a total investment of euro 650 million in five different large-scale photo-voltaic solar power projects for India’s National Solar Mission.
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