STOP PRESS

The Photovoltaic Market Transformation Initiative (“PVMTI”) is an initiative of the International Finance Corporation and the Global Environment Facility, which aims to promote the sustainable commercialisation of PV technology in the developing world by providing examples of successful and replicable business models that can be financed on a commercial basis.

Since the launch of PVMTI in June 1998, PVMTI has committed more than US$19 million to nine projects in India, Kenya and Morocco and is in the process of finalising additional projects for the remaining US$6 million available under the PVMTI fund.

Progress under existing projects is encouraging and management are pleased to report that PVMTI is making good progress towards achieving its aims.

Last Revised on: 20 January 2005
Developed by IT Power India Ltd.