India assures global investors of payment security for green energy investments

NEW DELHI : India on Tuesday assured global investors that a payment security mechanism has been put in place to protect green energy investments.

This was articulated by India’s secretary in the ministry of new and renewable energy, Anand Kumar on the sidelines of Madrid Climate Conference (CoP25) in Spain and comes in the backdrop of global investors’ concern over the Andhra Pradesh government’ decision to relook renewable energy contracts.

“Payment Security Mechanism to de-risk investments in renewable have been put in place,” said Kumar, according to an Indian government statement.