Why in news ? India has extended a USD 100 million Line of Credit to Sri Lanka to finance projects in solar energy sector. About: Agreement was signed between Sri Lankan government and Export-Import Bank of India. This LOC will also ensure that Sri Lanka’s 70 percent power requirements are fulfilled by renewable energy sources by 2030. LOC will also finance solar energy projects in Sri Lanka, announced during Founding Conference of International Solar Alliance (ISA) in 2018. It includes project like rooftop solar photo-voltaic systems for households and government buildings.Read More
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