PTC India Financial Services and International Finance Corporation (IFC) collaborate to boost financing for renewable energy projects. Speaking to CNBC-TV18, RM Malla, MD and CEO, PTC India Financial Services said the collaboration is to boost financing for renewable energy projects in India and about 60 percent of sanctions will be for the same segment.
Around 40 percent of total outstanding loan book of the company is attributed to renewable energy projects. Below is verbatim transcript of the interview:
Q: Can you then take us trough what this collaboration comprises of with IFC?
A: IFC is a private arm of World Bank and works in more than 100 countries. It is a matter of great satisfaction and prestige for us that they have chosen our company, PTC India Financial Services as the first company in India to jointly syndicate and assist renewable energy projects in India.