Deal to boost solar power development
By Ren Qi | China Daily | Updated: 2016-12-22 07:19
Plant with total capacity of 100 MW to be built in Lingang Industrial Area
The Chinese government and the New Development Bank signed a loan agreement on Wednesday, approving the provision of 525 million-yuan ($75.5 million) sovereign project loan for the bank's first project in China, the Shanghai Lingang Distributed Solar Power Project.
The agreement was signed by Shi Yaobin, vice-minister of finance and K.V. Kamath, the president of the NDB.
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