German development bank to underwrite Indian wind, solar projects

first_imgGerman development bank to underwrite Indian wind, solar projects FacebookTwitterLinkedInEmailPrint分享Renewables Now:German state-owned development bank KfW will lend EUR 200 million (USD 228m) to India so as to help the country provide low-interest loans for around 200 MW of new renewable energy capacity.The bank has signed a credit line agreement with India’s Rural Electrification Corporate Ltd (REC), which plans to back solar and wind power projects, the lender announced this week. The specific loans will be supplemented by counterparty contributions of up to 30% from the borrowers and contributions from other lenders. The provided financing will target projects in the private sector and will support 200 MW of renewables. The new capacity, seen to meet the demand of about 270,000 homes, will help offset up to 285,000 tonnes of carbon dioxide (CO2) emissions annually.“KfW’s financing to promote the increased use of renewables will make an important contribution to slowing the rise in greenhouse gas emissions and reducing the deficit in the power supply,” said Joachim Nagel, member of the KfW Group executive board.Additionally, REC will get a EUR 1-million grant from KfW to improve standards in the Indian energy sector, the German lender said.India’s goal is to have 175 GW of installed renewables capacity by 2022 and account for 50% of its total power generation. The target for solar and wind is 100 GW and 60 GW, respectively.More: Germany’s KfW to help fund 200 MW of renewables in Indialast_img read more

2017 Limacol round robin knock-out football:

first_imgGT Beer signs as official sponsorFOOTBALL fans will have the added benefit of refreshing with Banks DIH beverages during this year’s Limacol round-robin knock-out football tournament, set to commence on Monday. The company, through its GT Beer brand yesterday at its Thirst Park office, signed onto the 2017 edition of the Petra-organised tournament which will feature sixteen different teams.Speaking on behalf of the company, Public Relations Officer Troy Peters contended that the company shares a longstanding relationship with the organisers adding, “We see this as a developmental phase of football in Guyana and we know that a lot of players will benefit from playing football and the involvement of Banks DIH Limited.“We know that teams from around the country would be participating and people will get an opportunity to see this tournament in their backyard so to speak,” Peters added.Meanwhile Petra Director Troy Mendonca thanked Banks for signing onto the tournament, adding “our mandate was to revitalise football at the school level and assist in areas where we see a gap”.“When the (STAG) Elite League would have started, I think just over a year ago we thought that it was wise to get the other teams involved (in playing football) and we got the blessing of the GFF and we are happy to continue this year.”He contended that the tournament, which features approximately fifteen playing dates will see the best of the various associations come together for exciting football action.On the tournament’s first playing date, Police clash with Mahaica Determinators from 18:30hrs at the GFC ground, while Riddim Squad and Camptown play the feature game of the night.last_img read more

Tipp – Galway clash predicted to be a cracker

first_imgThe Tribesmen overcame Cork at the weekend to set up the All Ireland line up decider with The Premier who saw off the challenge of Waterford earlier this month to take the Munster title.Former Clare manager Tony Considine says both sides are very skilful and this will result in a 1st class match if they bring their A game.last_img