Govt invites Germany’s state-run KfW to fund transmission projects
Indian government representatives on Wednesday met representatives of Germany’s state-run bank KfW to discuss the financing of new transmission projects being built across the country for upcoming renewable energy projects.
KfW has already promised to loan 500 million euros towards the ‘Green Energy Corridor’ project, and till September, 2019, it had already disbursed 206 million euros to that end. The development bank has also disbursed 475 million euros to state-run transmission company Power Grid Corporation of India for the additional 3,200 circuit kilometer (ckt-km) Gujarat-Rajasthan-Panjab and Tamilnadu-Andhra Pradesh transmission corridors.
