The World Bank is set to provide expertise to the Indian state of Odisha to
help the latter develop medium-term renewable energy policy. The initiative
would enable the state to reduce dependence on fossil fuels and further enhance
itself as a one of the leading states in India to promote renewable energy.
The World Bank would work closely with
the International Finance Corporation, which is helping the government develop
a robust solar energy policy. While Odisha is not as well known as other Indian
states like Gujarat and Rajasthan for the vast solar power
capacities installed, it was among the first states to implement a solar power
project with the specific target to fulfill the Renewable Purchase Obligation
(RPO).
