REC loan for green projects increases 6 times to Rs 1.37 lakh crore

New Delhi: State-owned power finance company REC has reported over 6-fold growth in loans sanctioned for renewable energy projects during 2023-24, compared to the corresponding figure of Rs 21,371 crore in 2022-23. Is Rs 36,516 crore. The figures released on Monday show this. The sharp increase in loans for renewable energy projects is part of the government’s strategy to reduce the country’s carbon footprint to fight climate change

Man brutally murdered, video uploaded on social media IANS Interview: Robert Vadra on Ram Mandir invitation, says Congress does not believe in religion-based politics Total value of loans sanctioned by REC for the financial year ending March 31 Rs 3.59 lakh crore which represents a strong growth of 33.66 per cent compared to the same amount last year. In January this year, REC Ltd. issued JPY 61.1 billion 5-year, 5.25-year green bonds under its US$10 billion Global Medium Term Notes Program to raise funds for renewable energy projects. This was REC’s eleventh venture into the international bond market and the inaugural yen bond issuance, the first yen green bond issuance by any Indian public sector undertaking.