Loan agreement signed between India and Germany to finance Green Energy Projects programme

Government of India and KFW (Federal Republic of Germany) signed two loan agreements worth Euro 125 Millions for financing Green Energy Projects (GEC) programmes. The two projects financed under the agreement include Himachal Pradesh (Euro 57 million) and Andhra Pradesh (Euro 68 million) respectively. The objective behind the construction of Green Energy Corridors is to strengthen the Central and State grids to evacuate more green energy. Under the project, the intra-State network will feed the renewable energy to the respective State grids and the high capacity transmission corridors and inter-State network will connect major renewable energy pockets with the national grid. 

 

-Ministry of Finance

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