ADB Injects $500M Into India Green Energy Project

Law360, New York (September 27, 2013, 1:03 PM EDT) -- The Asian Development Bank will provide $500 million in project financing to the government of Indian state Rajasthan to develop a power transmission system to deliver energy from nearby wind and solar projects to the rest of the country, the ADB said Friday.

The transmission system will connect the new alternative energy developments, such as the Bhadla solar park in western Rajasthan, with the power grid supplying the bulk of India and its major cities. The state government of Rajasthan and local transmission utilities will provide...
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