SBI Gets 1,400 Crore Loan For Mega-Solar Projects

Mumbai: The European Investment Bank on Friday announced a euro 200 million (Rs 1,400 crore) longterm loan to State Bank of India to finance mega-solar projects in the country. The loan will support a total investment of euro 650 million in five different large-scale photo-voltaic solar power projects for India's National Solar Mission. Four schemes, with a generation capacity of 530MW have been identified for the purpose. The loan ...