IT HAPPENS ONLY IN INDIA,
GREAT JOB MR. PARMAR
it is good to eat as many as vegetables and fruits (totally vegetarian), but my aurvedic doctor asked me to stop eating every...
THE Indian Renewable Energy Development Agency (ireda), the financing arm of the Union ministry of nonconventional energy sources, is finalising a US$ 100 million assistance package from the Manila-based Asian Development Bank (adb). This follows a technical assistance study initiated by adb in August 1994 at a cost US$ 354,000.
The loan is targeted primarily at 3 sectors: bagasse-based cogeneration, methane recovery from distilleries and industrial wastes, and solar thermal systems for which about $50 million is to be earmarked. A similar amount is to be set aside for wind energy.
The loan will augment ireda's finances from external sources by about 50 per cent. The organisation is already receiving a World Bank-Global Environment Facility line of credit to the tune of US$ 195 million for 1993-98 to create a power generation capacity of 187.5 mw. Says ireda managing director V Bakthavatsalam, "The adb line of credit is yet another assertion of the buoyancy of the renewable energy sector in India."