Home » Finance » SELCO, Orb Energy get USAID grant

SELCO, Orb Energy get USAID grant

According to reports, United States Agency for International Aid (USAID) awarded $200,000 grant to SELCO Foundation to help establish six ‘innovation labs’ that will develop and test sustainable energy solution.

USAID is also supporting Orb Energy with $2.5 million loan guarantee. Orb Energy plans to provide 500 branches of primarily underserved communities by 2016 in Karnataka, Tamil Nadu, Kerala and Maharashtra.

In her first trip to India as US Assistant Secretary of State for South and Central Asian Affairs, Nisha Biswal, “assistance to these sustainable and renewable energy projects (SELCO and Orb Energy) will help millions of Indian families.”

Leave a Reply

Your email address will not be published. Required fields are marked *


Scroll To Top