ADB to increase investments in India's clean energy sector
ADB feels that it `should increase its financial investment for clean energy projects` in India.
It expects India`s power sector to grow `significantly` in the future. and wants to promote clean energy energy as part of an optimistic growth pattern predicted by IDFC.
ADB, which is one of the founding investors of IDFC, has observed that India had a peak power deficit of 10.2% at the end of 2010 and the extent of clean energy infrastructure expansion currently being planned cannot meet the growing demand for power in India.
As the Indian government focuses on investing in solar projects, the bank has praised IDFC for the active role played by it in clean energy projects. But clearly, this is isn`t enough for the bank as there is still `a very substantial unfilled demand` for power in the country.
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Tags: ADB, India clean energy sector, energy investments, gorwth pattern, Indian power sector
