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Protests Lead to ADB Nixing $434 Million Loan for 1 GW Assam Solar Project

The Finance Ministry sought loan cancellation following a state government request

June 4, 2025

/ B.S. Nagaraj
/ Finance and M&A, Solar
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The Asian Development Bank (ADB) has withdrawn loan approval of $434.25 million for a 1 GW solar project in Assam following a request from India’s Finance Ministry.

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B.S. Nagaraj

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