Apraava Energy gets Rs 9,120 cr from REC, PFC

Energy solutions provider Apraava Energy has signed memorandums of understanding (MoUs) with state-owned REC and Power Finance Corporation (PFC) to secure financing of Rs 9,120 crore for funding its wind, transmission and advanced metering projects in the country.

Apraava Energy is jointly owned by the CLP Group, one of the largest investor-owned power businesses in Asia, and Caisse de depot et placement du Quebec (CDPQ), a global investment group.