Current Affairs - International - Discussion

The Asian Development Bank (ADB) and the Government of India signed a $250 million loan to Energy Efficiency Services Limited (EESL). The agreement aims to expand energy efficiency investments in India. The agreement is expected to benefit residential, agricultural, and institutional consumers. The Clean Technology Fund (CTF) will provide $46 million in financing. It will be administered by ADB. In 2016, EESL was offered a $200 million by ADB for Demand-Side Energy Efficiency Sector Project. The project focused on efficient lighting and appliances.