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Industry English EditionEnglish Editionहिन्दीગુજરાતીमराठीবাংলাಕನ್ನಡമലയാളംதமிழ்తెలుగు | Today's ePaper My Watchlist Subscribe Sign In Christmas Sale: Flat 35% Off Home ETPrime Markets Market Data News Industry Rise Politics Wealth MF Tech Careers Opinion NRI Panache Luxury Videos More Menu Auto Auto News Cars & UVs Two wheelers & three wheelers LCV & HCV Auto Components Tyres Banking/Finance Banking Finance Insure Cons. Products Durables Electronics Fashion / Cosmetics / Jewellery FMCG Food Garments / Textiles Liquor Paints Tobacco Energy Power Oil & Gas Renewables Solar Energy Wind EnergyPolicy and regulationsPeopleHybrid PowerElectric vehicles Ind'l Goods/Svs Construction Engineering Cement Chem / Fertilisers Metals & Mining Packaging Paper / Wood / Glass/ Plastic/ Marbles Petrochem Steel Healthcare/Biotech Biotech Healthcare Pharmaceuticals Services Advertising Consultancy / Audit Education Hotels / Restaurants Property / C'struction Retail Travel Media/Entertainment Entertainment Media More TransportationRailwaysAirlines / AviationShipping / TransportRoadwaysTechITESTech & InternetStartupsFundingTech BytesTelecomTelecom NewsTelecom PolicyMiscellaneousCSRInitiativesPolicyEnvironment Business News›Industry›Renewables›ADB, ENGIE SA partner to build 400 MW solar power plant in Gujarat THE ECONOMIC TIMES DAILY NEWSPAPER IS AVAILABLE ONLINE NOW. Read Today's Paper ADB, ENGIE SA PARTNER TO BUILD 400 MW SOLAR POWER PLANT IN GUJARAT SECTIONS ADB, ENGIE SA partner to build 400 MW solar power plant in Gujarat PTILast Updated: Jul 04, 2024, 10:59:00 PM IST Rate Story Follow us Share Font Size AbcSmall AbcMedium AbcLarge Save Print Comment Synopsis ADB AND ASIAN INFRASTRUCTURE INVESTMENT BANK CO-FINANCED A RS 1,460 CRORE LOAN FOR ENGIE'S 400MW SOLAR PLANT IN GUJARAT. THIS SUPPORTS INDIA'S CLEAN ENERGY TRANSITION AND NON-FOSSIL FUEL TARGETS. ADB, A MANILA-BASED CLIMATE BANK, FINANCED ENGIE’S 2020 PROJECT. OVER 25 YEARS, IT WILL GENERATE 805 GIGAWATT-HOURS ANNUALLY, CUTTING 662,441 TONNES CO2, WITH LONG-TERM FINANCING INVOLVING LOCAL MODULE PRODUCTION. Getty Images New Delhi: Asian Development Bank (ADB) on Thursday said it has arranged Rs 1,460 crore loan for ENGIE group for constructing a 400-megawatt solar photovoltaic power plant in Surendranagar, Gujarat. ADB was the mandated lead arranger for the entire loan totalling Rs 14.6 billion (approximately USD 175.9 million) with ADB and Asian Infrastructure Investment Bank both providing Rs 7.3 billion, the Manila-based multilateral funding agency said in a statement. The project will support the Government of India's target of achieving at least 500 gigawatts of non-fossil fuel energy capacity by 2030. "The private sector's engagement in the fight against climate change is pivotal for achieving a clean energy transition in Asia and the Pacific," said ADB Director General for Private Sector Operations Suzanne Gaboury. Play Video PlaySkip BackwardSkip Forward Unmute Current Time 0:00 / Duration 32:25 Loaded: 1.56% 00:00 Stream Type LIVE Seek to live, currently behind liveLIVE Remaining Time -32:25 1x Playback Rate Chapters * Chapters Descriptions * descriptions off, selected Captions * captions settings, opens captions settings dialog * captions off, selected Audio Track * default, selected Picture-in-PictureFullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. TextColorWhiteBlackRedGreenBlueYellowMagentaCyanOpacityOpaqueSemi-TransparentText BackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanOpacityOpaqueSemi-TransparentTransparentCaption Area BackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanOpacityTransparentSemi-TransparentOpaque Font Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDrop shadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall Caps Reset restore all settings to the default valuesDone Close Modal Dialog End of dialog window. Ads By Google Ad will close in 28 Skip ad in 3 Skip Ad by Taboolaby Taboola Sponsored LinksSponsored Links Promoted LinksPromoted Links You May Like CVS Silent About 87¢ ED meds - Find Out WhyPublic Health Forum by Friday Plans Undo This project exemplifies how ADB, as the region's climate bank, supports the private sector in developing renewable energy projects through long-term local currency financing typically unavailable in local capital markets, the statement said. This is the second project that ADB has financed for the ENGIE group in India, following the financing of the group's flagship project in the country in 2020, and exemplifies our focus on mobilizing long-term financing from partner organizations. * Office Productivity Zero to Hero in Microsoft Excel: Complete Excel guide 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program * Marketing Performance Marketing for eCommerce Brands By - Zafer Mukeri, Founder- Inara Marketers View Program * Data Analysis Animated Visualizations with Flourish Studio: Beginner to Pro By - Prince Patni, Software Developer (BI, Data Science) View Program * Artificial Intelligence(AI) Collaborative AI Foundations: Working Smarter with Machines By - Prince Patni, Software Developer (BI, Data Science) View Program * Marketing Digital Marketing Masterclass by Pam Moore By - Pam Moore, Digital Transformation and Social Media Expert View Program * Office Productivity Advanced Excel Course - Financial Calculations & Excel Made Easy By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program * Web Development Advanced C++ Mastery: OOPs and Template Techniques By - Metla Sudha Sekhar, IT Specialist and Developer View Program * Web Development Master RESTful APIs with Python and Django REST Framework: Web API Development By - Metla Sudha Sekhar, IT Specialist and Developer View Program * Artificial Intelligence(AI) AI-Powered Python Mastery with Tabnine: Boost Your Coding Skills By - Metla Sudha Sekhar, IT Specialist and Developer View Program * Web Development Intermediate Java Mastery: Method, Collections, and Beyond By - Metla Sudha Sekhar, IT Specialist and Developer View Program * Data Analysis Learn Power BI with Microsoft Fabric: Complete Course By - Prince Patni, Software Developer (BI, Data Science) View Program * Web Development Mastering Full Stack Development: From Frontend to Backend Excellence By - Metla Sudha Sekhar, IT Specialist and Developer View Program * Marketing Digital marketing - Wordpress Website Development By - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expert View Program * Astrology Vastu Shastra Course By - Sachenkumar Rai, Vastu Shashtri View Program * Marketing Future of Marketing & Branding Masterclass By - Dr. David Aaker, Professor Emeritus at the Haas School of Business, UC Berkeley, Author | Speaker | Thought Leader | Branding Consultant View Program * Strategy Succession Planning Masterclass By - Nigel Penny, Global Strategy Advisor: NSP Strategy Facilitation Ltd. View Program * Finance Financial Literacy for Non-Finance Executives By - CA Raja, Chartered Accountant | Financial Management Educator | Former AVP - Credit, SBI View Program * Entrepreneurship Marketing & Sales Strategies for Startups: From Concept to Conversion By - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience View Program * Marketing Modern Marketing Masterclass by Seth Godin By - Seth Godin, Former dot com Business Executive and Best Selling Author View Program The solar panels will be constructed using locally produced bifacial photovoltaic power modules, thereby diversifying the solar module supply chain and supporting India-based manufacturers, it said. The plant will generate an average of 805 gigawatt-hours annually over the next 25 years, avoiding nearly 662,441 tonnes of carbon dioxide emissions per year, it said. Nominations for ET MSME Awards are now open. The last day to apply is December 15, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award. by Taboolaby Taboola Sponsored LinksSponsored Links Promoted LinksPromoted Links You May Like Forget You're Even Wearing it: Our Smallest and Most Accurate CGMDexcom G7 sends your glucose numbers right to your phone, watch, or receiver, so you’ll know how you’re doing with just a glance. Click here for safety information.Dexcom Undo Most Affordable Camper VansSearchTopics | Search Ads Learn More Undo Finally Legal: It's Like a 'Vaccine' Against Chronic Back PainConsumer Health Report Learn More Undo Drink 1 Cup Every Night See What Happens A Week Later [Video]Slim Shape Learn More Undo Seniors Say Goodbye To Expensive Car Insurance If You Are Over 60With affordable auto insurance options tailored specifically to the needs of seniors. You can save money with every drive. 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