September 14, 2011 10:49 AM

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ADB to provide $ 100 million loan for solar power initiatives in Gujarat

The Asian Development Bank (ADB) has said it extend 100 million dollars loan for solar power initiatives in Gujarat. The funds will be used for a substation, transmission lines and other equipment to collect and distribute solar power generated by plants in the Charanka Solar Park in Gujarat's Patan district. AIR correspondent quoting bank statement reports, the loan will have a 25-year term, with a 5-year grace period.

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