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News Brief | April 2016

Banks, NBFCs to finance 76,000-MW CE projects

Public and private banks as well as non-banking finance companies (NBFCs) have committed to finance clean energy (CE) projects of 76,532 MW, with an outlay of `3.82 lakh crore. As on December 31, 2015, these banks and financial institutions have supported projects of 25,318 MW capacity worth Rs.63,473 cr, New and Renewable Energy Minister Piyush Goyal said in a written statement to the Lok Sabha. According to the statement, efforts are being made to mobilise funds for the renewable energy sector from multilateral and bilateral banks like The World Bank, Asian Development Bank, National Development Bank.

Contact: Ministry of New and Renewable Energy
Website: http://www.mnre.gov.in/

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