Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.131)


AEPL is to receive $15 Million from which bank to expand its solar portfolio?

[A]. RBI
[B]. World Bank
[C]. Asian Development Bank
[D]. None of these

Answer: Option C


The Asian Development Bank (ADB) announced that it has signed an agreement to invest $15 million in Avaada Energy Private Limited (AEPL) to help expand the company's solar generation capacity in the country. According to its press release, this investment will come from ADB's Ordinary Capital Resources and from Leading Asia's Private Infrastructure Fund (LEAP), with both funds investing $7.5 million each.

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