| Date: |
15-05-2010 |
| Subject: |
EXIM Bank gets 150 mn euro loan from European Investment Bank |
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The Export-Import Bank of India (EXIM Bank) has recently received a loan of 150 million euros from the European Investment Bank to promote green energy projects in India, a bank official said here Friday.
'EXIM Bank has got the loan for promoting non-conventional power projects in the country,' chairman and managing director T.C.A. Ranganathan said here at a conference organised by the Confederation of Indian Industry.
EXIM Bank had also signed a pact with the African Development Bank for financing the projects in African countries, he said.
'The MoU (memorandum of understanding) will leverage the resources of both the banks to enable them to finance larger number of projects,' he said.
Source : Sify.com
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