The European Investment Bank (EIB) and Exim Bank signed a EUR 150 million loan for financing investments that will contribute to the mitigation of climate change.
The EIB loan will make long term financing available for investments that contribute to climate change mitigation through projects in renewable energy and energy efficiency in India implemented by public and private sector companies. The operation will contribute to the EU-India Strategic Partnership and cooperation with India which foresees, inter alia, energy sustainability, and combating climate change.
The framework loan comprises a series of investments dedicated to renewable energy projects for the production of electricity and heat (small hydro, wind, solar, geothermal, sustainable biomass), energy efficiency projects (cogeneration, district heating, industrial modernisation), and other climate change mitigation projects. EXIM will on-lend the loan to small, medium-scale and some large projects to private and public companies.
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