News
08 July 2020
L&T Infrastructure receives $50m AIIB funding for renewable projects
In:
Renewable energy, Traditional energy
Region:
Asia-Pacific
India's L&T Infrastructure Finance Company has received the first $50 million of a $100 million loan from the Asian Infrastructure Investment Bank to fund renewable lending in the country.
The company said it would use the external commercial borrowing loan to lend to large and mid-scale wind and solar power projects. LTIF also said it is working on setting up an environment and social monitoring system that will be expanded to include screening, categorizing, appraisal, contracting, and monitoring of subprojects supported by AIIB.
AIIB announced in December that it had approved a $65 million loan for a 250MW solar power project in Jodhpur.
