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dam-l WB + small hydro -> REUTERS <fed> courtesy Planet ARK



<bold><color><param>FF00,0000,0000</param><FontFamily><param>Arial</param><bigger><bigger>World Bank loan for Indian hydro 
projects </bold><color><param>0100,0100,0100</param><FontFamily><param>Times New Roman</param><smaller>


</color><FontFamily><param>Arial</param><smaller><smaller>INDIA : June 30, 2000 

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<bold></color><FontFamily><param>Arial</param><smaller>NEW DELHI - The World Bank will lend $130 million to 
help finance small private sector hydro-power projects in 
India's northern and central states, the bank said in a 
statement yesterday.</bold><color><param>0100,0100,0100</param><FontFamily><param>Times New Roman</param><bigger> 


</color><FontFamily><param>Arial</param><smaller>"India will expand the development of renewable energy 
projects and private sector energy efficiency investments with 
the help of the $130 million in financing from the World Bank 
and a $5 million grant from the Global Environment Facility 
(GEF)," the statement said. 

The Indian Second Renewable Energy Project provides a line of 
credit for private sector financing of small hydro-power stations 
of up to an aggregate of 200 megawatts to reduce power supply 
shortages and greenhouse gas emissions, the bank said. 

The funds will be channelled through the Indian Renewable 
Energy Development Agency (IREDA). 

Of the total cost of $300 million, project developers will 
contribute $140 million, IREDA $25 million and GEF will provide 
a $5-million grant. 

"The World Bank will provide $80 million single-currency, 
LIBOR-based loan with 20 years to maturity, five years of 
grace, and a $50-million interest-free IDA (International 
Development Association) credit with 35 years to maturity with 
10 years of grace," the bank said. <color><param>0100,0100,0100</param><FontFamily><param>Times New Roman</param><bigger>

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REUTERS NEWS SERVICE 

{HYPERLINK "http://www.reuters.com"}{PRIVATE "TYPE=PICT;ALT="}{HYPERLINK "http://www.reuters.com"}


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