{"id":361785,"date":"2020-07-08T10:23:54","date_gmt":"2020-07-08T04:53:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=361785"},"modified":"2020-07-08T10:23:54","modified_gmt":"2020-07-08T04:53:54","slug":"bp-to-invest-usd-70-million-in-indias-green-growth-equity-fund","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/bp-to-invest-usd-70-million-in-indias-green-growth-equity-fund\/","title":{"rendered":"BP to invest USD 70 million in India&#8217;s Green Growth Equity Fund"},"content":{"rendered":"<p>NEW DELHI: UK\u2019s energy major BP will invest $70 million in the Green Growth Equity Fund (GGEF) with an aim to rapidly scale-up commercially viable low carbon solutions, the company said in a statement.<\/p>\n<p>The two-year-old fund already includes investments from India\u2019s National Investment and Infrastructure Fund (NIIF), and the UK Government\u2019s Department for International Development (DfID). The fund expects to reach about $700 million commitment at final close and grow further through leveraged capital options, the company said.<\/p>\n<p>Following its investment later this year, BP will become a limited partner in GGEF and have representation on its advisory committee, as well as the rights to coinvest in projects alongside GGEF, the company said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: UK\u2019s energy major BP will invest $70 million in the Green Growth Equity Fund (GGEF) with an aim to rapidly scale-up commercially viable low carbon solutions, the company said in a statement. The two-year-old fund already includes investments from India\u2019s National Investment and Infrastructure Fund (NIIF), and the UK Government\u2019s Department for International Development (DfID). The fund expects to reach about $700 million commitment at final close and grow further through leveraged capital options, the company said. Following its investment later this year, BP will become a limited partner in GGEF and have representation on its advisory committee, [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-361785","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/361785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=361785"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/361785\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=361785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=361785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=361785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}