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Discoms’ Liquidity Infusion via Loan Positive for Gencos, But Losses to Shoot Up by Rs 270 Bn in FY21: ICRA

By : Sustainability ..., May 15, 2020

Government’s Rs 900 billion liquidity support under Atmanirbhar Bharat package for state power distribution utilities (Discoms) is a much welcome measure, said ICRA a leading credit rating agency. However, this liquidity infusion in Discoms will be in the form of loans...

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JICA Extends ODA Loan of INR 1,864 Crore for the Project for Pollution Abatement of Nag River in Nagpur

By : Sustainability ..., Apr 2, 2020

Japan International Cooperation Agency (JICA) has signed an agreement with the Government of India to provide an Official Development Assistance (ODA) loan of 29,082 million Japanese Yen (approximately INR 1,864 Crore) for the ‘Project for Pollution Abatement of Nag River in...

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EIB proposes €650 million loan for Kanpur Metro Rail project in India

By : Sustainability ..., Apr 2, 2020

The European Investment Bank (EIB) has proposed to provide financial assistance of €650 million for the Kanpur Metro Rail project after assessing the project. The total estimated cost of the project is €1.5 billion. “The Government of India (GOI) has applied for a loan from...

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UDAY scheme loses power, sharp spike in discom losses

By : Sustainability ..., Dec 23, 2019

Four years after it was launched, UDAY — the NDA government’s “path breaking reform” to revive electricity distribution companies (discoms) — is unravelling. ...

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IREDA may borrow up to ₹48,000 cr for Centre’s subsidised solar water pump scheme

By : Sustainability ..., Dec 7, 2018

The Indian Renewable Energy Development Agency (IREADA) may be borrowing up to ₹48,000 crore as part of the Centre’s contribution to the subsidised solar pump scheme announced in the Budget....

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India says developed countries should earmark financial assistance for solar projects in developing nations

By : sustainabilityo..., Nov 15, 2017

India has said the developed countries should earmark a part of the Official Development Assistance (ODA) loan towards solar energy projects in developing countries.

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REC to extend Rs 85,000 crore assistance to Tamil Nadu utilities

By : sustainabilityo..., May 16, 2017

State-run Rural Electrification Corp (REC) today said that it will extend financial assistance of Rs 85,723 crore to Tamil Nadu power utilities TANGEDCO and TANTRANSCO.

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REC inks two pacts with Jharkhand utilities for Rs 15K-crore loan

By : sustainabilityo..., Feb 18, 2017

State-run Rural Electrification Corp today said it has inked two pacts with Jharkhand utilities for providing financial assistance of Rs 15,150 crore.

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Subject Tags: financial assistance , REC

REC inks pacts with Andhra Pradesh for Rs 60,000 crore funding

By : sustainabilityo..., Jan 31, 2017

State-owned Rural Electrification Corporation Ltd has inked three pacts to extend financial assistance of around Rs 60,000 crore to Andhra Pradesh. 

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