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EIB makes 200 mn euro loan to SBI for mega-solar projects

EIB makes 200 mn euro loan to SBI for mega-solar projects

Friday, March 31, 2017, 6:02 PM

The European Investment Bank on Friday announced a euro 200 million (Rs.1,400 crore) longterm loan to State Bank of India to finance mega-solar projects in the country. The loan will support total investment of euro 650 million in five different large-scale photo-voltaic solar power projects for India's National Solar Mission. Four schemes, with a generation capacity of 530MW have been identified for the purpose.
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