Tag: World Bank Group

ADB allocates $20 mn to help developing members access COVID-19 vaccines

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…

Hyderabad-based Endiya Partners gets $10 mn investment from IFC

Endiya Partners, an early-stage venture capital fund that invests in IP led Indian product startups, announced that it has received a commitment of Rs 75 crore (about $10 mn) from the International Finance Corporation (IFC), a member of the World Bank Group. IFC has also committed an additional $10 million for direct co-investments alongside Endiya…

Tata Power’s JV clean energy project in Georgia starts commercial operation

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…