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May 03, 2007 Thursday Rabi-us-Sani 15, 1428





$79.3m ADB loan for India


MANILA, May 2: The Asia Development Bank (ADB) said on Wednesday it had approved a $79.3m loan to India’s largest private power company to set up and operate wind energy facilities.

The loan will support Tata Power Co. Ltd in setting up and running wind power facilities in the state of Maharashtra which will produce 100 megawatts of electricity, the ADB said in a statement from its Manila-based headquarters.—AFP






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