REC grants Rs 6,075 crore for Greenko's 1440 MW pumped storage project.

REC Ltd, a state-owned entity, is granting a Rs 6,075 crore loan to Greenko for its 1440 MW Standalone Pumped Storage Project, bolstering India's renewable energy infrastructure. The NBFC-IFC is also in advanced talks with Greenko for funding clean energy projects. India's goal, per the Central Electricity Authority's National Electricity Plan, is to quadruple its renewable capacity by 2032.