Renewable energy financing: Industry’s thumbs up for govt’s move to ease credit flow
Latest News
bookmarkBOOKMARK

Renewable energy financing: Industry’s thumbs up for govt’s move to ease credit flow

By Economic Times calender  13-Jun-2019

Renewable energy financing: Industry’s thumbs up for govt’s move to ease credit flow

The renewable energy industry has given a thumbs-up to the government’s latest move to unlock financing for smooth credit flow for development of green energy projects.

Power and renewable energy minister R K Singh held a review meeting earlier this week with industry players where it was decided that the Ministry of New and Renewable Energy (MNRE) will request the Reserve Bank of India (RBI) to categorize renewable energy as a separate segment from power and remove the priority sector lending limit for the green energy sector. 

“The proposed ease of financing will boost solar adoption for the commercial and industrial segment. We are glad to see the introspective move made by Power Minister R K Singh at the review meeting and, if implemented, the move will prove to be a respite for the Indian solar sector,” said Sunil Rathi, Director, Waaree Energies, an Engineering, Procurement and Construction (EPC) player and the country’s largest solar photovoltaic module manufacturer. 

Read News- India bolsters preparations for country's first-ever human mission into space

MOLITICS SURVEY

ट्रैफिक रूल्स में हुए नए बदलाव जनता के लिए !

फायदेमंद
  33.33%
नुकसानदायक
  66.67%

TOTAL RESPONSES : 24

Raise Your Voice
Raise Your Voice 

Suffering From Problem In Your Area ? Now Its Time To Raise Your Voice And Make Everyone Know