• KfW and the Government of India have entered into a loan agreement for EUR 75 Million
• The finance would be utilized to implement a ground-mounted solar power plant in West Bengal
• The solar power plant is expected to generate 162.5 MU p.a. & reduction of greenhouse gas emissions by 151.000 tons CO2eq. p.a

On behalf of the Federal Ministry for Economic Cooperation and Development (BMZ), KfW has entered into a loan agreement with the Government of India for EUR 75 Million. Dr. Christoph Kessler, Director KfW Office India and Dr. CS Mohapatra, Additional Secretary Department of Economic Affairs, Government of India have exchanged the agreements. The available financing would be utilised to implement a 125 MW ground-mounted solar power plant in East Medinipur district of West Bengal. In terms of capacity, the solar power plant would be the largest in the State built at a single location.

The solar power plant is expected to generate approximately 162.5 million units of electricity yearly and shall contribute to reducing greenhouse gas emissions by approximately 151,000 tons of CO2eq annually.

The promotion of Renewable Energy is one of the prime agenda of the Government of India and the proposed solar power plant shall contribute to meeting the target of the Government of India envisaged as a part of the National Solar Mission.

Those interested may contact Dr. Martin Lux, Head of Energy Team, KfW India for further details via email to martin.lux(at)kfw.de.