JBIC partners with PFC to fund renewable energy projects in India
Author: PPD Team Date: 17/01/2025
Author: PPD Team Date: 17/01/2025
Japan Bank for International Cooperation (JBIC) has signed an agreement with Power Finance Corporation Limited (PFC) to finance renewable energy projects in India.
Under the agreement, JBIC and PFC will establish a credit line of Rs 66.73 billion (120 billion JPY), with JBIC contributing Rs 40.04 billion (72 billion JPY). This initiative is part of JBIC’s GREEN (Global action for Reconciling Economic growth and Environmental preservation) operations.
The funding will support projects that reduce greenhouse gas emissions, including photovoltaic power generation facilities, energy-efficient power plants with advanced environmental technologies, and energy-saving equipment.
Author: PPD Team Date: 12/11/2024 The Haryana Renewable Energy Development Agency (HAREDA) has awarded contracts for the supply, installation, and commissioning of 17,458 solar water pumping systems under Component B of the PM KUSUM programme. Leading recipients include Shakti Pumps with 3,174 units, AVI Appliances with 2,811, and Oswal Pumps with 2,539. Other notable companies, such as Ethos Power, Rotomag Motors, Ecozen Solutions, and Alpex Solar, received contracts for over 1,000 pumps each. An additional…
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Author: PPD Team Date: 12/11/2024 The Haryana Renewable Energy Development Agency (HAREDA) has awarded contracts for the supply, installation, and commissioning of 17,458 solar water pumping systems under Component B of the PM KUSUM programme. Leading recipients include Shakti Pumps with 3,174 units, AVI Appliances with 2,811, and Oswal Pumps with 2,539. Other notable companies, such as Ethos Power, Rotomag Motors, Ecozen Solutions, and Alpex Solar, received contracts for over 1,000 pumps each. An additional…
Author: PPD Team Date: 27/12/2024 Avaada Energy Private Limited plans to raise Rs 84 billion (USD 1 billion) in debt by March 2025 to fund its wind, solar, and other renewable projects. Equity for these projects has already been secured. The company also intends to develop pumped storage projects (PSPs) in Rajasthan and Odisha.
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Author: PPD Team Date: 12/11/2024 The Haryana Renewable Energy Development Agency (HAREDA) has awarded contracts for the supply, installation, and commissioning of 17,458 solar water pumping systems under Component B of the PM KUSUM programme. Leading recipients include Shakti Pumps with 3,174 units, AVI Appliances with 2,811, and Oswal Pumps with 2,539. Other notable companies, such as Ethos Power, Rotomag Motors, Ecozen Solutions, and Alpex Solar, received contracts for over 1,000 pumps each. An additional…
Author: PPD Team Date: 27/12/2024 Avaada Energy Private Limited plans to raise Rs 84 billion (USD 1 billion) in debt by March 2025 to fund its wind, solar, and other renewable projects. Equity for these projects has already been secured. The company also intends to develop pumped storage projects (PSPs) in Rajasthan and Odisha.