Government asks REC, PFC to focus on renewable energy projects – Feedback

The government has asked power sector financiers Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) to expand focus on funding renewable energy generation projects, power, coal, renewable energy and mines minister Piyush Goyal said on Monday.

“I have asked REC and PFC for a presentation on special focus product on renewables,” the minister said. Goyal said the government is contemplating a $1 billion renewable energy fund to finance renewable energy projects. “I am waiting for the interest rates to come down,” he said.

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