Which bank gave a loan of $ 83.11 million to Congo to finance three solar power projects in the central African country in March 2019?
National Housing Bank
Exim Bank
SIDBI
IDBI
None of the above
Answers
Which bank gave a loan of $ 83.11 million to Congo to finance three solar power projects in the central African country in March 2019?
National Housing Bank
Exim Bank is the answer
Answer:
Exim Bank gave a loan of $ 83.11 million to Congo to finance three solar power projects in the central African country in March 2019.
Explanation:
On 24 March 2019,Export-Import Bank of India gave a loan of USD 83.11 million to Congo to finance three solar power projects in the central African country.
The loan will be utilized for funding three solar photovoltaic power projects with a total capacity of 35 megawatt in the three provinces named as Karawa, Mbandaka and Lusambo.
During the 14th CII-Exim Conclave 2019, LOC(Line of credit) agreements to this effect were exchanged between Ambassador of Congo to India Mossi Nyamale Rosette and Exim Bank Managing Director David Rasquinha.