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Retail Municipal Green Bond for Solar Plant
December 4 , 2022
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- Indore, Madhya Pradesh is planning to issue the nation’s first local government bond.
- It targets individual investors, with proceeds used to fund a solar power project.
- The 60-megawatt (MW) solar facility would be built close to Indore at a cost of Rs. 3 billion.
- This will allow the city to save as much as Rs. 250 million per month on its power costs.
- Indore has won the award of India’s cleanest city for six years in a row.
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