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Apraava Energy signs agreement with REC and PFC to get Rs 9,120 Crore
The Business Guardian
|August 08, 2023
Apraava Energy, a provider of energy solutions, has signed preliminary agreements with state-owned companies REC Ltd and Power Finance Corporation (PFC) to get financing of Rs 9,120 crore for the country’s wind, transmission, and advanced metering projects.
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An official statement f r o m t h e company said that the MoUs were signed as part of the Green Finance Summit, which was held by REC alongside the Clean Energy Ministerial (CEM) and Energy Transition Working Group (ETWG) Ministerial on July 21, 2023 in Goa, against the backdrop of India’s G20 Presidency.
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