Centre looks at leveraging IIFCL credit line for green energy

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The central government is hoping to use part of a $5 billion (Rs.31,075 crore) line of credit to promote renewable energy projects, a move which could help bring down borrowing costs for solar and wind power companies. The credit facility was extended by the Reserve Bank of India (RBI) to state-owned India Infrastructure Finance Co. Ltd (IIFCL) from its foreign exchange reserves.

Read more: http://www.livemint.com/Politics/bE0OUZmG0h1QEz9XNp2Y6I/Centre-looks-at-leveraging-IIFCL-credit-line-for-green-energ.html

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