ADB to Invest $50 Million in Avaada Energy for Expansion of Solar Projects in India
ADB aims to help Avaada Energy to expand its solar energy portfolio in India and increase the installed renewable energy capacity as envisaged by the Indian government
March 20, 2019
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The Asian Development Bank (ADB) has announced that it will invest $50 million in Indian renewable energy independent power producer Avaada Energy Private Limited. Avaada aims to use the capital to expand its solar energy generation capacity in India.
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