New Delhi: A payment security mechanism has been put in place to protect green energy investments, India’s secretary in the ministry of new and renewable energy, Anand Kumar, told global investors on Tuesday on the sidelines of the Madrid Climate Conference.
The announcement comes amid concerns of global investors about the Andhra Pradesh government’s decision to have a relook at renewable energy contracts.
“Payment security mechanism to de-risk investments in renewable have been put in place,” said Kumar, according to a government statement.
