In a significant step towards sustainable development in India, REC Limited, a leader in the Indian power sector, has successfully availed a green loan of JPY 31.96 Billion (equivalent to USD 200 million) to finance eligible green projects in India.
This strategic investment reinforces REC’s commitment to foster sustainable growth, in alignment with the Company’s Green Finance Framework.
This green facility is a first of its kind successful collaboration between an Indian government entity and Deutsche Bank AG, GIFT City branch.
This facility sets a benchmark in the Indian public sector landscape for similar green financing transactions, highlighting a growing commitment to sustainable financing.
The facility also marks one of the first JPY-denominated green loan transaction for Deutsche Bank AG, GIFT City.
