India plans push for green bonds

New Delhi: The government has approached at least eight lenders, including Rural Electrification Corp. Ltd (REC), to raise low-cost and long-term funds to help finance India’s plan to quadruple its renewable energy production, while also aiming to make it economically viable for debt-laden distribution companies to buy clean power.
The dollar- or rupee-denominated green bonds may be raised by India Infrastructure Finance Co. Ltd (IIFCL), Power Finance Corp. Ltd (PFC), REC, IDBI Bank Ltd, Indian Renewable Energy Development Agency Ltd (Ireda), ICICI Bank Ltd and Yes Bank Ltd, among others, according to three people familiar with the development.
Share

Amit Antil

After doing Power Management (MBA) from National Power Training Institute (NPTI), Amit Antil is now presently working with Today Green Energy Pvt. Ltd. and looking after business development activities for Solar. Earlier he was associated with leading power trading company Global Energy for 3 years. He has a sound knowledge about bidding, power trading, open access, REC trading, Govt. Liaisoning, Contract Negotiation, Power Purchase Agreement.

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *


*