New Delhi, 27 February, 2012

The Government of India and the Asian Development Bank (ADB) today signed an agreement for a $ 100 million ADB loan to develop a transmission system that will distribute 500 megawatts (MW) of solar power from the Charanka Solar Park in north Gujarat.

Using a public private partnership (PPP) model, the project will create job opportunities, improve social services and contribute to poverty reduction locally, an official press release said.

It will also support power distribution companies in Gujarat and other Indian power utilities to meet part of their clean energy procurement obligations through solar energy, it said.