ADB, ENGIE SA partner to build 400 MW solar power plant in Gujarat
ADB and Asian Infrastructure Investment Bank co-financed a Rs 1,460 crore loan for ENGIE's 400MW solar plant in Gujarat. This supports India's clean energy transition and non-fossil fuel targets. ADB, a Manila-based climate bank, financed ENGIE’s 2020 project. Over 25 years, it will generate 805 gigawatt-hours annually, cutting 662,441 tonnes CO2, with long-term financing involving local module production.
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