The company has disbursed Rs 10,018 crore in Maharashtra alone out of its total loan disbursement of Rs 79,446 crore. Government-owned renewable energy project finance company IREDA has sanctioned loans worth Rs 14,445 crore and disbursed Rs 10,018 crore for various green energy projects in Maharashtra. IREDA (Indian Renewable Energy Development Agency Limited) in association […]
Garanti BBVA presents a consumer loan to purchase solar energy systems
Garanti BBVA supports Turkey’s fight against climate change through innovative sustainable finance solutions. In collaboration with Solarçatı, Garanti BBVA will offer affordable interest rates for loans to install individual solar energy systems. Furthermore, as part of the collaboration with Solarçatı, Garanti BBVA customers who apply for consumer loans will receive discounts of up to five […]
Subsidies, loans, charging network in Delhi Electric Vehicle Policy
New Delhi : The Delhi government on Friday launched its ambitious Electric Vehicle (EV) Policy, which aims to boost Delhi’s economy, reduce pollution levels and generate employment. Announcing the launch of the policy, which was notified on Friday morning, chief minister Arvind Kejriwal said it was one of the most progressive in the world and […]
Priyanka Gandhi writes to UP CM, seeks waiver of power bills of farmers
In a letter to the UP chief minister, she also sought a slew of relief measures including waivers on bank loans and power bills of small and medium industries in the state, which are considered the backbone of the economy NEW DELHI: Congress general secretary Priyanka Gandhi Vadra on Wednesday wrote to UP chief minister […]
Power discoms may soon get cheap loans from govt to clear Rs 70,000-cr dues
Power producers’ total outstanding dues owed by distribution companies stands at Rs 69,558 crore by September-end 2019 Faced with a demand slowdown and increasing financial stress of the distribution companies, the Centre is considering a new loan window for states to help settle their rising dues to the power generation companies. Under the new plan, […]
Cheaper loans likely for discoms to clear green energy dues: Report
The loans would be sanctioned to states at cost plus a nominal fee to clear dues worth Rs 67,237 crore owed to gencos till August-end. The Centre may tie up concessional loans from Power Finance Corporation (PFC), Rural Electrification Corporation (REC) and Indian Renewable Energy Development Agency (IREDA) for state governments as it looks to […]
Special loans plan on the anvil to help state discoms clear Rs 72,862 crore dues
Discoms had accumulated dues of Rs 72,862 crore at end-June, of which Rs 53,476 crore is overdue NEW DELHI: The government is considering extending special loans to state power distribution companies to help clear their rising dues to power generators. Discoms had accumulated dues of Rs 72,862 crore at end-June, of which Rs 53,476 crore […]
World Bank approves China loan for US$750m energy storage accelerator programme
After approving investment for the acceleration of energy storage deployment in developing countries to the tune of US$1 billion a few months ago, the World Bank has now approved a US$300 million loan to do the same in China. China is the world’s most prolific installer of renewable energy and by the end of 2018 […]
SBI cuts rates for electric car loans
MUMBAI: In an attempt to incentivise the shift to green vehicles, SBI has cut rates on auto loans for purchase of electric cars. Borrowers will get a discount of 20 basis points on the interest they pay on their loan and get a longer repayment period under this scheme. A statement issued by the bank […]
