INDIA AND USA LAUNCHED $ 95 MILLION CLEAN ENERGY PROJECT.

THE USA ANNOUNCED TWO FININCIAL PROJECT WORTH $ 95 MILLION IN INDIA TO BRING MORE ENERGY- EFFICIENT APPLIANCES TO RURAL SECTOR, AS PART OF ITS EFFORTS TO CONTINUE THE GLOBAL TRANSITION TO ZERO- AND LOW-CARBON ENERGY SOURCES ON NOVEMBER 15, 016. THE US HAS COMMITED $ 70 MILLION IN OVERSEAS PRIVATE INVESTMENT CORPORATION [OPIC] FINANCING FOR RENEWABLE ENERGY PROJECTS IN INDIA; AND ANNOUNCED TO LAUNCH A $ 20 MILLION PARTNERSHIP WITH THE PHILANTHROPIC SECTOR TO BRING MORE EFFICIENT APPLIANCES TO RURAL INDIAN VILLAGES.THIS COMMITMENT REPRESENT THE RAPID MOBILISATION OF FINANCING UNDER A $ 250 MILLION FACILITY TO SUPPORT UP TO 400 MW OF NEW SOLAR PROJECTS IN INDIA ACROSS MULTIPLE STATES.