Himachal scouts for World Bank loans under Clean Technology Fund

Shimla: Himachal is exploring of tapping into Clean Technology Fund, a World Bank funded development policy program for inclusive green growth and sustainable development, wherein the state could avail a loan of Rs 500 crore.

World Bank team meeting Chief Minister Virbhadra Singh

“Preliminary discussions were held pertaining to funding under ‘Clean Technology Fund,” said Bharathi Sihag, a senior secretary of the Himachal government.

World Bank executives from the development policy loan mission team consisting of Charles Cornier and Piyush Dogra met senior government functionaries, including chief minister Virbhadra Singh, here on today.

Sihag said, “the discussions with the World Bank officials would continue for the next two days.”

A government spokesman maintained that the government was in a position of obtaining Rs 500 Cr under this funding mode.

The global funding bank has already approved a Rs 550 Crore ($ 100 million) Green Growth and Sustainable Development loan for the state that was received by the state only last month.

Progress of the development policy loan (DPL) was also discussed, said the government spokesman.

The Himachal government in July, 2012 had given its nod for a Rs 1100 Cr ($ 200) development policy loan from World Bank to promote inclusive green growth.

As Editor, Ravinder Makhaik leads a team of media professionals at Hill Post. Spanning a career of over two decades in mass communication, as a Documentary Filmmaker, TV journalist, Print Media journalist and with Online & Social Media, he brings with him a vast experience. He lives in Shimla.

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