Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

IFC Plans to Lend $50 Million to Indian Solar Power Company

April 24 (Bloomberg) -- International Finance Corp., the World Bank’s private-sector financing arm, plans to lend as much as $50 million to an Indian solar developer for building and operating power projects.

Acme Solar Energy Pvt. will use the proceeds for a 25-megawatt grid-connected photovoltaic power plant in the state of Madhya Pradesh, according to a statement on the IFC’s website. The funding may be extended to other Acme projects in the states of Odisha and Andhra Pradesh, according to the statement.

India, which plans to raise solar capacity eightfold by 2017, in May may call for bids to build 750 megawatts of capacity as the government seeks to boost renewable-energy output to curb chronic blackouts that shave an estimated 1.2 percentage points off annual economic growth.

To contact the reporter on this story: Ganesh Nagarajan in Chennai at

To contact the editor responsible for this story: Sam Nagarajan at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.