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How much amount of loan agreement has India signed with the World Bank for the "Shared Infrastructure for Solar Park Project (SISPP)"?
Question

How much amount of loan agreement has India signed with the World Bank for the "Shared Infrastructure for Solar Park Project (SISPP)"?

A.

400 million dollars

B.

100 million dollars

C.

150 million dollars

D.

200 million dollars

Correct option is B

The correct answer is (b) 100 million dollars
Explanation:
. In November 2017, the Government of India and the World Bank signed a loan agreement worth USD 100 million.
. This agreement was specifically for the "Shared Infrastructure for Solar Parks Project (SISPP)". . The project's goal is to help India increase its solar power generation capacity through the establishment of large-scale solar parks. . Out of the total amount, USD 75 million was an IBRD loan, USD 23 million was a Clean Technology Fund (CTF) loan, and USD 2 million was a CTF grant.
. The funds are channeled through the Indian Renewable Energy Development Agency Limited (IREDA).
Information Booster:
. This project supports the Government of India's target of achieving 100 GW of solar power as part of its renewable energy goals.
. The first solar parks supported under this project included those in Rewa and Mandsaur districts of Madhya Pradesh.
Additional Knowledge: 400 million dollars (Option a)
. While the World Bank has provided larger loans for other solar projects (like the Grid-Connected Rooftop Solar Program), it is not the amount for the SISPP.
150 million dollars (Option c)
. This figure does not correspond to the specific signing of the Shared Infrastructure for Solar Parks Project in 2017.
200 million dollars (Option d)
. This is an incorrect figure for the initial loan agreement signed for this specific infrastructure scheme.

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