NEW DELHI: The Indian Renewable Energy Development Agency ( IREDA ) and Rewa Ultra Mega Solar Limited (RUMSL) on Wednesday signed a sub-loan agreement for financing the shared infrastructure of two solar power projects in Madhya Pradesh. "Under the World Bank Line of Credit, IREDA has sanctioned its first loan of Rs. ISA has a target of mobilizing $1,000 billion for its 121 members by 2030. "In ISA, we have 121 countries and the problem is not that the banks do not have money. So we will try and finalize 121 solar projects across member countries during two upcoming events," Tripathy said.ISA is working with banks, industry associations from India and abroad for the same, he added.

Source: Economic Times January 31, 2018 13:41 UTC