
8$ Billion Renewable Energy project in India, Backed by German’s development bank
Germany’s development bank will back India’s construction of 8$ Billion project to upgrade its grid to handle a more than doubling of renewable power capacity by 2022. Andreas Thermann, Deputy director at Germany’s KfW said in a phone interview from New Delhi that they will lent an initial 250 million euro ($334 million) to the project on a bidding which was invited by Power Grid Corp of India...