REC secures $390m ECA-backed loan for green projects

REC has secured a green loan worth JPY60.5 billion ($390.2 million) to finance green projects in India. The loan was provided by MLAs Credit Agricole CIB, Bank of America, Citi, KfW IPEX-Bank, and SMBC, with 80% cover from SACE under the Italian ECA's Push Strategy.Credit Agricole CIB was also...