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Tag: world bank
Morocco gets $519 million World Bank loan for solar power project
2014-10-01 19:39:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Morocco has secured a $519 million loan from the World Bank to partly finance two solar power plants with a combined capacity of up to 350 megawatts (MW), the second phase of the 500 MW Ouarzazate project, the bank said in a statement on Wednesday. Results of tenders for construction of the two plants near the southern city of Ouarzazate, one of at least 200 MW and the other of at least 100 MW, are expected in the next few days, sources close to the deal said. Moroccan Solar Energy Agency Masen...
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Philippines: World Bank clears $141M loan to finance Cebu bus rapid transit
2014-09-27 03:11:00| Climate Ark Climate Change & Global Warming Newsfeed
InterAksyon: The World Bank has approved a $141 million loan to fund the construction of the Philippines' first bus rapid transit (BRT). The financial package -- $116 million of which would come from the World Bank and another $25 million from the Clean Technology Fund (CTF) -- will help finance the construction of a 23-kilometer BRT system along a major transport corridor in Cebu City. The Philippine government will provide counterpart financing amounting to $87.5 million. The corridor runs from Bulacao...
World Bank to invest $5bn for electricity projects in Africa
2014-08-06 01:00:00| Power Technology
The World Bank Group has committed $5bn in new technical and financial support for energy projects in six African countries.
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World Bank launches $200m Ebola fund
2014-08-05 03:47:27| BBC News | Business | UK Edition
The World Bank announces that it is allocating $200m in emergency assistance to help West African countries contain the Ebola outbreak.
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World Bank to invest $775 million in clean energy projects across India
2014-07-08 15:45:00| Climate Ark Climate Change & Global Warming Newsfeed
Economic Times: The World Bank plans to invest $775 million in clean-energy projects across India, even as it expects that the new government's plan to give fiscal and policy support to the sector will galvanise further investment in renewable energy. "The support shown by the new government towards clean energy is quite encouraging and is expected to give the much-needed push to the sector and unlock pending investments," said Ashish Khanna, lead energy specialist at the multilateral funding institution. "The...
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