REC Limited Secures $200 Million Green Loan from Deutsche Bank

REC Limited has obtained a green loan of JPY 31.96 billion (USD 200 million) from Deutsche Bank AG, GIFT City branch. This marks the first collaboration between an Indian government entity and Deutsche Bank’s GIFT City branch for a green loan. The funds will support green projects in India, promoting renewable energy and reducing carbon emissions. REC’s CMD, Vivek Kumar Dewangan, highlighted this deal as a step towards enhancing green energy financing in India, with Deutsche Bank’s CEO, Kaushik Shaparia, affirming their commitment to sustainable initiatives. H R Katha