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India eyes first AIIB-issued loan for solar power projects

Funding for clean energy initiatives would allay fears that bank's relaxed lending criteria could promote dirty fuels

New Delhi

INDIA hopes to receive one of the first loans issued by the China-led Asian Infrastructure Investment Bank (AIIB) later this year, as it looks to raise US$500 million for solar power projects from the newly created lender, Indian officials said.

Funding for clean energy projects would allay fears of environmental lobbyists that the bank's relaxed lending criteria could promote dirty fuels such as coal in developing economies, such as India, that are in a hurry to ramp up energy output.

The...

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