NEW DELHI: India has asked state lenders to provide over $1 billion to government power distribution companies to clear long-standing debts to green energy firms that could hinder further investment, three sources familiar with the plan said on Tuesday.
The companies owe solar and wind power generators including Goldman Sachs-backed ReNew Power and Softbank-backed SB Energy over 97 billion rupees ($1.35 billion), according to the Central Electricity Authority, an arm of the federal power ministry.
