ISA to consider solar bank plan
The idea of a World Solar Bank has gained traction as many ISA member countries may have difficulty raising finances on their own
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The steering committee of the International Solar Alliance (ISA) is set to meet shortly to clear the decks for the World Solar Bank (WSB), which is expected to be headquartered in India, said two people aware of the development. India may become its lead member by taking a 30% stake in it through a $600 million equity commitment.
This would be the first multilateral development bank (MDB) headquartered in India and comes even as Beijing has taken the lead in creating the Asian Infrastructure Investment Bank and the New Development Bank (NDB).
India proposes Teri’s Mathur as ISA chief
ISA’s current DG Upendra Tripathy’s term ends in March
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India has recommended the name of The Energy and Research Institute (Teri) director-general Ajay Mathur as the next chief of the International Solar Alliance (ISA), said two people aware of the development.
The other candidate for the post of director-general (DG) of ISA, which is viewed as a counter to China’s ambitious One Belt One Road initiative, has been proposed by Mauritius.
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. 27 Mar 2021
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