Government may ask RBI to classify renewable energy projects under priority sector lending


Government may ask RBI to classify renewable energy projects under priority sector lending

The ministry of new and renewable energy (MNRE) is expected to write to RBI, seeking to bring renewable energy projects under priority sector lending, senior officials said.

This comes as stress in the conventional power sector is reflecting negatively on the renewable energy sector, and project developers raise concerns around bankers being reluctant to fund renewable energy projects.

Minister of power, and new and renewable energy R.K Singh taking cognizance of the matter called a stakeholders meet in the city on Wednesday.

“We are committed to remove the obstacles in financing of renewable energy projects. We have taken inputs from different stakeholders. One suggestion was that priority lending should be done for renewable energy projects and without any limit,” said Anand Kumar, Secretary, MNRE. Read More

Leave a Reply

Your email address will not be published.