The Asian Development Bank (ADB) has approved a $100m loan to the state of Gujarat in western India to accelerate implementation of one of the world’s largest solar power facilities.
ADB’s funding for the Gujarat Solar Power Transmission Project will support the 500 MW Patan Solar Park at Charanka, about 60 km from India’s border with Pakistan. The funds will be used to build a substation, smart grid transmission lines and other equipment to collect and distribute solar power from this remote region.
These transmission lines and substation will encourage private companies to set up large-scale solar power plants at Charanka, said Naoki Sakai, a senior climate change specialist with the ADB.
“By putting in reliable power transmission facilities in the solar park, the ADB will help draw in private sector developers, while providing a model that can be replicated to scale-up solar power in a significant manner in India,” he said
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