Electric vehicle-focused lender Revfin has raised $14 million (about Rs 115 crore) in an equity funding round led by Omidyar Network, according to ETtech report. Sameer Aggarwal, founder and chief executive of the Delhi-based company, said almost all of the funding came in primary capital. He did not disclose the valuation at which the funds…
World Bank and Asian Development Bank have announced the launch of ‘WePOWER India Partnership Forum’ to increase workforce participation of women in energy sector Mr. Vishal Kapoor, Joint Secretary – Distribution, Ministry of Power, Govt of India mentioned that the Ministry of Power recognised that “Women will be needed to fill the increasing talent demand…
The Asian Development Bank (ADB) announced it has approved a combined sovereign and non sovereign loan of $190 million to modernize and upgrade the power distribution system in Bengaluru city in the state of Karnataka, India. The ADB assistance for the Bengaluru Smart Energy Efficient Power Distribution Project includes a $100 million sovereign loan and…
The Asian Development Bank (ADB), a multilateral development financial institution, announced it has allocated $20.3 million in technical assistance to help its developing members access vaccines for the coronavirus disease (COVID-19) and establish systems to enable equitable and efficient vaccine distribution. The funds will be available for ADB developing members to support vaccine-related health system assessments and…
The Asian Development Bank (ADB) has signed an agreement to lend up to $60 million in Indian rupee equivalent to Aavas Financiers Limited (Aavas), a housing finance company in India, to improve access to housing finance for lowerincome borrowers in the country, particularly women. “It is very difficult for women in India, particularly in low-income…
Adjaristsqali Georgia LLC, a Joint Venture between Tata Power, Norway’s Clean Energy Invest (CEI), and International Financial Corporation (IFC) has announced the start of commercial operation of the 178 MW Shuakhevi Hydro Power Project (Shuakhevi HPP) located in southwest Georgia. Further, AGL will be soon commissioning the 9 MW Skhalta Hydro Power project which is…