REC Ltd Secures Japanese Green Loan

REC Ltd, a prominent Indian public sector entity under the Ministry of Power, has secured a significant green loan in Japanese Yen amounting to approximately 3,200 crore rupees, backed by an 80% guarantee from the Italian Export Credit Agency SACE. This funding is targeted at supporting green projects that adhere to strict environmental criteria, promote renewable energy, and aim to reduce carbon emissions within India. This green finance initiative not only sets a benchmark in the Indian public sector but also strengthens Indo-Italian business ties in the realm of green energy financing.