Saturday 14 December 2019
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business-standard - 27 days ago

AIIB expects investment worth USD 100m a year in India s renewable projects

Beijing-headquartered Asian Infrastructure Investment Bank (AIIB) expects an annual private investment worth USD 100 million a year in solar and wind projects in India from next month. AIIB expects to tap as much as USD 100 million green and renewable projects in India from next month, bank s Director General (Investment Operations) Pang Yee Ean said. In a month s time, you will see approval of projects in the Renewable Energy sector (in India), said Pang after addressing the South Asian Diaspora Convention on Saturday. We should be consistently doing wind and solar projects up to USD 100 million each year I would say each year there would be a USD 100 million in the private sector for renewable projects. More importantly, some of these projects are by the private sector, he said, underlining the importance of private investment to build resilience in infrastructure development. Pang also expected the private investments in renewable energy sector in India as foreign direct ...

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