China has inked an agreement with the New development bank (NDB) set up by the BRICS approving a 525 million yuan loan for a solar power project in the country. The new lender announced a 525 million yuan loan for the Shanghai Lingang Distributed Solar Power Project. This is the Bank’s first project in China, a solar photovoltaic power plant with total capacity of 100 MW to be built in Lingang Industrial Area of Shanghai.
Source – The Hindu
