News Update
Asia's significance and contribution to global issues of energy, climate change and sustainable development has been steadily growing. The update highlights some of the major news stories from various Asian countries offering an overview of the issues, prospects and challenges in the region.
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| India: Cabinet clears payment security mechanism for solar power projects |
| The Hindu Business Line, 3 June 2011 |
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A Rs 486-crore fund that would work as an additional security for the solar power developers seeking loans has been approved by the Cabinet. This fund is aimed at removing apprehensions of the lenders on all payment related risks in case of defaults by distribution utilities to NTPC Vidyut Vyapar Nigam.
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