Sat. Jan 23rd, 2021

Loan agreement signed between India and Germany to finance Green Energy Projects programme

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Government of India and KFW (Federal Republic of
Germany) signed two loan agreements
worth Euro 125 Millions for financing Green Energy Projects (GEC) programmes. The
two projects financed under the agreement include Himachal Pradesh (Euro 57
million) and Andhra Pradesh (Euro 68 million) respectively. The objective
behind the construction of Green Energy Corridors is to strengthen the Central
and State grids to evacuate more
green energy. Under the project,
the intra-State network will feed the renewable energy to the respective State
grids and the high capacity transmission corridors and inter-State network will
connect major renewable energy pockets with the national grid. 

 

-Ministry of Finance
Source: Legal news India

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