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State Bank of India to train its officers for solar programme

Jun 14, 2018

This training module will facilitate the bankers in advancing loans for grid-connected rooftop solar systems across the consumer spectrum.

Gurgaon: The Government of India’s Grid-connected Rooftop Solar PV Technical Assistance Program (GRPV) was announced last year to generate electricity with the World Bank loan of $625 million to State Bank of India (SBI) to support the GoI targets on widespread installation of GRPV.

To achieve this, the Ministry of New & Renewable Energy (MNRE) and the World Bank have proposed a Technical Assistance (TA) programme to address the barriers and ensure a smooth uptake of rooftop installation amongst residentials, commercial and industrial entities.

Given the enormity of the programme, there is a need to streamline the processes for the utilities, explain the policies and regulations to the target stakeholders and, most importantly, build capacities of staff that are involved in the finance segment. The SBI is playing an important role to debt finance the GRPV program and capacitate the other stakeholders involved for effective delivery.


SBI, in partnership with the World Bank, has launched the first series of training programs to train 180 of its officers at the SBI’s training centres in Gurugram and Hyderabad on June 4 – 5. The training will be delivered by 12 trainers with Master Trainer accreditation from Skill Council Green Jobs.

A series of similar training programs will be organised by SBI in the coming months. With the World Bank loan, SBI will support in financing GRPV systems and help the Indian government expand energy access using renewable energy at attractive interest rates to various developers and end-users across India.

The training is expected to mobilise finance for solar rooftop projects and facilitate the Government of India in achieving its target of 40 Gigawatts (GW) of the solar rooftop by 2022, as a part of its wider goal of 100 GW under the Jawaharlal Nehru National Solar Mission.

This training programme will provide SBI officers in this sector a thorough understanding about the structure, the business models, financing opportunities, risks and risk mitigation strategies, and costing. This training module will facilitate the bankers in advancing loans for grid-connected rooftop solar systems across the consumer spectrum.

Six batches of training programmes will be held to train 180 SBI officers for solar rooftop projects evaluation starting on June 4 and ending on June 9. Nearly 180 SBI officers from various SBI branches across 16 states will be trained on various aspects of solar rooftop.

The training program is organised by The World Bank – SBI GRPV Technical Assistance Program implemented by Ernst & Young (EY)-led consortium in partnership with SBI.

Dr Praveen Saxena, CEO, Skill Council for Green Jobs, said that “SCGJ was pleased to collaborate with EY led Consortium on this important initiative. Smarter financing mechanisms will not only result in accelerated deployment but also facilitate India’s transition to a low carbon economy by enabling large-scale integration of solar rooftop projects into the grid,”.

Jyoti Yadav, Deputy Manager, participant, at the training said, “Building our institutional capacity on financing GRPV is a great step and through this training, we feel empowered today to contribute towards India’s energy mission. The sessions were in-depth, interactive and well-designed. It gave me an opportunity to interact with the trainers for more clarifications on this most important topic of GRPV financing”.

SBI has appointed Ernst & Young Consortium as the Project Management Consultant (PMC) for managing the administration of this five-year TA programme.

 

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