Japan has announced a Rs 15,000-crore official development assistance (ODA) loan for five projects in India including expansion of Delhi Metro and works related to wind and solar energy. The loan agreement will include three energy sector projects – new and renewable energy, micro, small and medium enterprises energy saving, and Haryana Distribution System Upgradation.
The ODA loan has provided approximately Rs 8,933 crore to Delhi Mass Rapid Transport System Project (Phase 3) in order to enhance its transportation capacity. For new and renewable energy development project-Phase 2, Rs 1,800 crore loan has been granted to power producers through Indian Renewable Energy Development Agency (IREDA) for the development of solar and wind power succeeding Phase I of the project. The ongoing project includes a loan of Rs 1,160 crore for wind power projects in Andhra Pradesh, Gujarat and Karnataka and Rs 220 crore for solar power project in Andhra Pradesh.
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