And like that, Egypt's wind power capacity has jumped 18%.
Great to see this @IFC_org supported project up and running less than two years after breaking ground.
Good news for Egypt, good news for the planet.
https://t.co/GFSaAeUdd7
Government of MP @NewenergyMp and Government of India @mnreindia together, did it again! Rewa Solar was a milestone in large scale solar in India. Now Agar, Shajapur & Neemuch unlock an era of affordable tariff with India made modules @IFC_org delighted to be transaction adviser.
w/strategic leadership of @NewenergyMp, Government of Madhya Pradesh, enabling policies of @mnreindia, GoI 🇮🇳, power procurement by MPPMCL and @RailMinIndia & @IFC_org as lead transaction advisor. Proud of efforts of our team ! Look forward to a swift commercial close 🌞⚡️🚃💡
Excellent results for two projects (200MW&350MW) in the Agar Solar Park with @avaadaenergy and Beempow Energy winning auctions at tariffs of INR2.459 and INR2.444/KWH respectively. Congrats ! Projects tendered by @RewaSolar (JV of @MPUVN_Bhopal & @SECI_Ltd)
India🇮🇳 has $210 billion worth stressed assets. Three funds set up by @IFC_org will acquire 15-20% of these assets, says @m_alemayehu, thus helping tackle India’s major bad debt problem: https://t.co/Oo3Li40SNM
#Invest4Tomorrow
New @IFC_org- supported 'Environmental Impact Assessment Manual' for #Nepal shows how to streamline regulatory processes & guides #hydropower💧developers on minimizing negative impacts on the environment & communities while maximizing energy ⚡️benefits: https://t.co/Q2oWXZDSK6
#India, a top improver for a 2nd yr in a row, carried out 6 reforms in past yr, advancing to 77th place in the global ranking. It is now South Asia’s top-ranked economy: https://t.co/UCaHHHiFjw #DoingBiz
A neutral development finance institution like IFC has a big role in managing several competing/ conflicting interests in solving the stressed assets problem in India.
Ishika Mehrotra...19 year old Indian who will represent EY Singapore amongst women of 16 countries across globe for Global Corporate Finance Woman of the year.