IMC to raise 2.5bn via green bonds for solar power plant
An official revealed on Friday that the Indore Municipal Corporation (IMC) aims to list green bonds as a public issue in a first in order to earn 2.5 billion for the construction of a 60 megawatt (MW) solar power plant.
According to Divyank Singh, the CEO of Indore Smart City Development Limited, told PTI, the water will be brought to Indore from Jalud village in the neighbouring Khargone district using the power generated by the solar facility.
With a population of 3.5 million, Indore is heavily reliant on the Narmada River for its water demands and has won the title of cleanest city in the nation six times in a row.
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