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World Bank sceptical about India’s power sector bailout
By : Sustainability ..., Oct 3, 2013
The World Bank is sceptical about India’s ambitious bailout plan for state government-owned distribution companies announced in September last year.
Ashish Khanna, lead energy specialist for the World Bank, said that while bailouts are an opportunity in crisis, “the...Read more..
Subject Tags: electricity , World Bank
World Bank bats for dairy dung energy policy in India
By : Sustainability ..., Sep 30, 2013
The global environmental goods and services (EGS) industry has grown 10.5% since 2009 to $858 billion in revenue as of last year, according to a research report by the World Bank.
The report, that...Read more..
Subject Tags: energy , India , Social Issues , Technology , World Bank
World Bank aid to check flow of sewer water into Ganga at Kanpur
By : Sustainability ..., Sep 22, 2013
The World Bank had agreed to finance a Rs 443 crores project to check the flow of sewer water into Ganga. Under this project, 250km of new sewer lines would be laid in the city.
A team of World Bank had visited various...Read more..
Rs 950cr lifeline to power units
By : Sustainability ..., Sep 19, 2013
The state looks all set to get a Rs 950 crore lifeline from World Bank to revamp its old power generation units.
West Bengal Power Development Corporation (WBPDCL), the state power generation utility, has at least six 30- to 50-year-old thermal units at Kolaghat and...Read more..
Subject Tags: Technology , West Bengal Power Development Corp , World Bank
World Bank approves $360 million to strengthen and modernize water sector in UP
By : Sustainability ..., Sep 1, 2013
A $360 million credit to India’s most populous state, Uttar Pradesh (UP), was approved by the World Bank Board of Executive Directors today to help build the institutional capacity needed to increase agricultural productivity in this low-income state...Read more..
World Bank approves $120m loan for Olam to expand small-scale farming
By : Sustainability ..., Aug 30, 2013
World Bank Group, and Olam International, a global integrated supply chain manager and processor of agricultural products, have signed a five-year $120 million loan agreement to finance upgrades and expansion of five food processing facilities in Nigeria and India. In a...Read more..
World Bank to cease providing funding for new coal projects
By : Sustainability ..., Jun 30, 2013
The World Bank is set to consider dramatically cutting down its funding for coal-related power projects, according to a draft strategy document leaked this week.
The bank’s continued focus on coal projects, particularly in poor countries, has been a...Read more..
Subject Tags: Technology , World Bank
DVC to seek World Bank help for mega solar power foray
By : Sustainability ..., Feb 5, 2013
As part of its corporate makeover agenda, the Rs 7,000-crore Damodar Valley Corporation (DVC) is considering a handholding relationship with the World Bank. DVC is currently a statutory organisation jointly held by West Bengal, Jharkhand and the Union Government by...Read more..
Subject Tags: Damodar Valley Corp , Social Issues , World Bank
Loans for solar power projects set to get cheaper
By : Sustainability ..., Dec 3, 2012
The World Bank has agreed to make available a $200 million (Rs 1,100 crore) line-of-credit to IIFCL (India Infrastructure Finance Company Ltd) for lending to solar power projects in India. This will pave the way for cheaper loans for solar projects.
Confirming this to...Read more..
Subject Tags: India Infrastructure Finance Company Ltd , World Bank
No nation immune to climate change - World Bank
By : Sustainability ..., Nov 19, 2012
All nations will suffer the effects of a warmer world, but it is the world's poorest countries that will be hit hardest by food shortages, rising sea levels, cyclones and drought, the World Bank said in a report on climate change.
Under new World Bank President Jim...Read more..
Subject Tags: Environment , Social Issues , Technology , United States , World Bank