SBI signs $165 million LoC with World Bank for rooftop solar projects

The LoC is for supporting grid-connected rooftop Solar PV Projects in residential and institutional sectors, SBI said in a regulatory filing.

SBI signs $165 million LoC with World Bank for rooftop solar projects
​State Bank of India (SBI) it has signed a $165 million, image credit: Reuters

State Bank of India (SBI) on Friday said it has signed a $165 million (over Rs 1,300 crore) Line of Credit (LoC) with the World Bank for promoting rooftop solar project in the country.

The LoC is for supporting grid-connected rooftop Solar PV Projects in residential and institutional sectors, SBI said in a regulatory filing.

Earlier this week, SBI signed a 200 million euro (about Rs 1,800 crore) LoC with the European Investment Bank (EIB) for supporting climate action projects.

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Updated: Fri, Dec 22, 2023
06:06 PM IST
PTI
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