Which development institution is to finance the 200-MW solar power project in Raghanesda Solar Park, Gujarat?

ADB
AIIB
BRICS Bank
World Bank

The correct answer is: A. ADB

The Asian Development Bank (ADB) is a multilateral development bank that provides loans, grants, and technical assistance to developing countries in Asia. ADB is committed to reducing poverty, improving social and economic conditions, and promoting sustainable development in Asia and the Pacific.

ADB has a long history of supporting the development of renewable energy in Asia. In 2017, ADB approved a $100 million loan to support the construction of the 200-MW Raghanesda Solar Park in Gujarat, India. The project is expected to generate enough electricity to power 100,000 homes and reduce carbon emissions by 200,000 tons per year.

ADB’s support for the Raghanesda Solar Park is part of its broader efforts to promote renewable energy in Asia. In 2016, ADB approved a $1 billion fund to support renewable energy projects in the region. The fund is expected to help finance the construction of 1,000 MW of renewable energy projects.

ADB is also working to promote the use of renewable energy in its own operations. In 2017, ADB became the first multilateral development bank to commit to using 100% renewable energy for its own operations.

ADB’s support for renewable energy is essential to meeting the region’s energy needs and reducing carbon emissions. Renewable energy is a clean and sustainable source of energy that can help to improve air quality and reduce greenhouse gas emissions. ADB’s support for renewable energy is helping to make Asia a more sustainable and prosperous region.

The other options are incorrect because they are not development institutions. The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank that provides loans and other financial assistance to infrastructure projects in Asia. The BRICS Bank is a multilateral development bank that provides loans and other financial assistance to infrastructure projects in the BRICS countries (Brazil, Russia, India, China, and South Africa). The World Bank is a multilateral development bank that provides loans and other financial assistance to developing countries around the world.

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