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MELBOURNE: Fourth India-Australia 2+2 Secretary-level Consultations - November 3, 2024
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TORONTO: India’s response to diplomatic communication from Canada - November 2, 2024
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NGERULMUD: Shri Harsh Kumar Jain concurrently accredited as the next Ambassador of India to the Republic of Palau - November 1, 2024
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DHAKA: Statement on attack on Puja Mandap and desecration and damage to Hindu temples in Bangladesh - October 31, 2024
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KINGSTON: Shri Subhash Prasad Gupta concurrently accredited as the next High Commissioner of India to St.Vincent and the Grenadines - October 30, 2024
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STOCKHOLM: Dr. Neena Malhotra appointed as the next Ambassador of India to the Kingdom of Sweden - October 29, 2024
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BEIRUT: Statement on recent developments in southern Lebanon - October 29, 2024
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BANGKOK: Meeting of Prime Minister with Prime Minister of Thailand - October 28, 2024
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NEW YORK: H1B Visa “Thing Of Past”: Union Minister Piyush Goyal After US Visit - October 28, 2024
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MOSCOW: Prime Minister meets with the President of the Russian Federation - October 27, 2024
TOKYO: Global lenders to back Adani solar plant with $1.3 billion
TOKYO: A dozen global banks are to bankroll the Gautam Adani-founded Adani Green Energy’s underconstruction renewable power projects with over $1.3 billion revolving credit line, the company said last week.
The finance facility would initially fund a 1.69GW (gigawatt) hybrid portfolio of solar and wind power projects through four SPVs (special purpose vehicles) in Rajasthan.
The company claimed this as the first ‘certified green hybrid’ project loan in India. The liquidity will boost the company’s efforts to raise its capacity to 25 GW from a little over 3 GW at present over the next four years.
But the company still faces the challenge of finding buyers for an 8GW manufacturing-linked renewable project it won last year with tariffs higher than current market trends.
The project is to be set up in four phases of 2GW each. The dozen lenders include Standard Chartered, Sumitomo Mitsui Banking Corp and Barclays.