SASHAKT: India's revolving fund for energy efficiency and clean technology projects

Last Modified: Mon Nov 13 2017 18:13:39 GMT+0530 (India Standard Time)
  • 03 Nov 2017
    India's energy efficiency major, EESL, announces the formation of Sashakt - a revolving fund that will support energy efficiency and clean technology projects.
  • 3
    areas of focus for project selection: smart grid applications, district cooling and energy efficient appliances.
  • $454 million
    Composite funding that will comprise of a grant of $20 million from Global Environment Facility (GEF) and co-financing of $434 million in the form of loans and equity, including a $200 million loan from the Asian Development Bank.