Germany funding India’s “Green Energy Corridors”

Commits US$334 million in low interest loans.

Germany will provide financial and technical assistance for key segments of the Green Energy Corridors project. German technical assistance includes US$2.7 million for the Indo-German energy program, which is a new component on Green Energy Corridors, and another US$2.7 million for Integration of Renewable Energies into the Indian electricity system.

Germany is also willing to grant concessional loans of up to US$1.3 billion for financing the Green Energy Corridors project under the Indo-German Bilateral Development Cooperation Program over the next six years. The Green Energy Corridors project will help in integrating renewable energy into India’s national grid. It consists of both inter-state and intra-state schemes for evacuation of power from wind and solar projects.