A Madhya Pradesh government official has said the World Bank has agreed to provide loan to develop internal transmission arrangements of the upcoming Rewa Ultra Mega Solar (RUMS) project in Madhya Pradesh.
“The World Bank has agreed to provide loan to develop internal transmission arrangements of the Rewa project. It will provide 25 per cent of the loan amount under its Clean Technology Fund (CTF), where the money will be provided at an interest rate of only 0.25 per cent,” PTI quoted the official as saying.
He said this would be the first solar power project of the country to receive a loan under CTF.
The official added: “This decision was taken at a meeting held in New Delhi recently to discuss about loans to be granted from the World Bank to develop new solar parks in the country.”
