Greenko secures loan for off-river storage project

In:

Power

Region:

Asia-Pacific

Greenko has secured a INR55 billion ($700 million) loan from the state-owned Power Finance Corporation (PFC) to fund India’s first off-river energy storage project in Andhra Pradesh. The 20-year loan will carry an interest rate of 11%, with repayments beginning from the second year after...

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