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World Bank's IFC adopts new climate rules to deter lenders from backing coal

By : Sustainability ..., Sep 24, 2020

LONDON: The World Bank's private-sector arm has introduced new climate change conditions for its investments in commercial banks to encourage the lenders to wind down support for coal projects in Africa and Asia. The International Finance Corporation (IFC), which owns equity...

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3 developers call off NTPC’s solar contracts  over regulatory delays

By : Sustainability ..., Jan 29, 2020

Solar power contracts of three major power plant developers with state-run NTPC Ltd have been cancelled due to delays in regulatory approvals, potentially disrupting India’s clean energy trajectory by knocking 1,400MW off it. These firms had participated in what was the first...

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Hero Future Energies reorganises business to make overseas foray

By : Sustainability ..., Sep 30, 2019

Hero Future Energies has reorganised its business to expand its portfolio abroad and access cheaper funding. Hero Future Energies (HFE) Global, registered in London since 2016, will control the India business through a Singapore entity and spearhead the global plans. The...

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IFC urges Dhaka, Delhi to accept sustainable basin-wide river sharing formula

By : Sustainability ..., Sep 2, 2019

The International Farakka Committee (IFC) has urged Bangladesh and India to opt for a sustainable management of rivers to keep them alive from the points of origin to their outfall into the sea through basin-wide management. In a statement on Friday, the IFC said this has now...

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IFC pledges Rs 1,300 mn in Srinivasa Farms

By : Sustainability ..., Aug 12, 2019

As part of strategic investment to support India’s agribusiness sector, the International Finance Corporation (IFC), a member of the World Bank Group, has committed to invest Rs 1,300 million (...

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First offshore wind ‘emerging markets’ land World Bank funds

By : Sustainability ..., Jul 17, 2019

Twelve countries are in line to be the first cohort of ‘emerging’ offshore wind markets to see backing under a $5m programme recently launched by the World Bank and International Finance...

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IFC Partners with Levi Strauss and Co. to Reduce Emissions, Water Use in Textile Factories

By : Sustainability ..., Jul 8, 2019

IFC, a member of the World Bank Group, and Levi Strauss & Co. (LS&Co.), one of the world’s leading brand name apparel companies, signed a cooperation agreement that will help LS&Co....

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India Renewable Energy Developers Line Up US$1 Billion Green Bonds

By : Sustainability ..., May 1, 2019

Two large private renewable energy developers in India are planning to raise US$500 million each through sale of green bonds. The move highlights the tightening flow of funds in the Indian...

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Female workers boost efficiency by 5% in Bangla RMG sector

By : Sustainability ..., Mar 14, 2019

Female supervisors have boosted efficiency by five per cent in the garment sector in Bangladesh, says an initiative by Better Work Bangladesh. The Gender Equality and Returns (GEAR) initiaitve...

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Azure Power secures USD-135m financing for rooftop solar in India

By : sustainabilityo..., Jun 1, 2018

Indian solar power producer Azure Power (NYSE:AZRE) has signed an agreement for a USD-135-million (EUR 115.5m) solar rooftop debt financing, it announced today.

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