New BRICS Development Bank approved the first loan package – RIA Novosti

BEIJING, April 16 -. RIA Novosti, Zhanna Manoukian New BRICS Development Bank Board of Directors approved the first loan package worth 811 million dollars on in the field of renewable energy projects, according to a distributed in the press on Saturday Bank release.

“New BRICS development Bank today announced that the Board of Directors approved the first loan package worth 811 million dollars to be allocated in tranches, to sustain projects in the field renewable energy capacity of 2.37 mW, “- said in a statement

Projects were presented at a meeting of the bank held.” on the margins “of the spring session of the governing bodies of the World Bank and the International Monetary Fund in Washington.

The bank has approved funding for four investment projects. Brazil will receive $ 300 million, China – 81 million dollars, India -250 000 000 dollars, South Africa – 180 million dollars. The Bank estimates that the projects in the field of green and renewable energy together to help reduce the amount of harmful emissions by 4 million tons per year.

Russian Finance Minister Anton Siluanov said earlier that each of the BRICS countries, presented by one project. Russian investment project on development of small generation in Karelia and, according to him, is in a high degree of maturity, but has not yet been submitted to the Board of Governors of the bank.

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