German Development Bank, EESL ink agreement

Q.  Which bank has signed a loan agreement with EESL for energy efficiency in India?
- Published on 14 Mar 17

a. World Development Bank
b. Asian Development Bank
c. German Development Bank
d. Japan Development Bank

ANSWER: German Development Bank
 
The German Development Bank (KfW) and Energy Efficiency Services Limited (EESL) has signed a loan agreement for €200 million.

The agreement is to enhance energy efficiency in India.

EESL will invest these funds in energy efficiency in buildings, households, street lighting, agriculture, water supply and industry.

KfW also signed a funding deal of €500,000 with Indian Renewable Energy Development Agency (IREDA) to maintain solar projects.

EESL: Know More
  • Energy Efficiency Services Limited (EESL) is the organisation responsible for implementation of Domestic Efficient Lighting Programme (DELP).
  • It is now called the UJALA scheme.
  • Energy Efficiency Services Limited (EESL) is a joint venture of state-run power companies.
  • It is responsible for implementation of Domestic Efficient Lighting Programme (DELP).
  • It has reduced the prices of LED bulbs by 75%.

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