NEW DELHI: It’s raining money at the G20 14thclean energy ministerial in Goa, with public sector lending agencies REC (Rural Electrification Corporation) and PFC (Power Finance Corporation) opening their taps to extend approximately Rs 3 lakh crore in funding for energy transition project funding on Friday.
Manoj Upadhyay-promoted ACME group stitched up two funding deals totalling Rs 25,000 crore with REC, including the first Indian funding for an overseas transition project. The company secured a Rs 4,000 crore loan to achieve financial closure for it green hydrogen (GH2) and green ammonia project at Duqm in Oman.
