Germany to assist Indias green energy corridor Germany has committed financial and technical assistance to India for the green energy corridors, which includes financial assistance of euro 250 million as reduced interest loan. According to the ministry of power, technical assistance would include euro 2 million for an Indo-German energy programme and an additional euro 2 million for integration of renewable energies into the Indian electricity system. Germany has also expressed its willingness regarding concessional loans from KFW of up to one billion euro for financing the Green Energy Corridors project under Indo-German Bilateral Development Cooperation Programme over the next six years. This was discussed during the Indo-German Government Consultations held in Berlin in April, 2013 The Green Energy Corridors project will help in integrating renewable energy into the National grid. It comprises of both inter-state and intra-state schemes for evacuation of power from wind and solar projects.
Posted on: Fri, 20 Sep 2013 14:30:33 +0000
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