SBI gets Rs.1,400 crore loan from European Investment Bank
Saturday, April 1, 2017, 12:37 PM
The European Investment Bank (EIB) has okayed Rs1,400 crore (€200 million) loan to State Bank of India to fund solar power projects. The long-term loan will support a total investment of €650 million in five different large-scale photovoltaic solar power projects, EIB said in a statement. This will contribute to India’s National Solar mission and reduce dependence on fossil fuel power generation.