https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

REC Limited Secures JPY 31.96 Billion Green Loan from Deutsche Bank AG

REC Limited, a leader in India's power sector, has secured a JPY 31.96 billion (USD 200 million) green loan from Deutsche Bank AG's GIFT City branch to finance green projects, marking a significant milestone in sustainable financing.
Indian Masterminds Stories

In a landmark move towards sustainable development, REC Limited has secured a green loan of JPY 31.96 billion (USD 200 million) from Deutsche Bank AG’s GIFT City branch. This funding will be used to finance eligible green projects in India, reinforcing REC’s commitment to sustainable growth as outlined in its Green Finance Framework.

This loan represents the first successful collaboration between an Indian government entity and Deutsche Bank AG’s GIFT City branch. It sets a new benchmark for green financing in the Indian public sector and is one of the first JPY-denominated green loan transactions for Deutsche Bank AG, GIFT City.

The facility highlights REC Limited’s and its partners’ dedication to supporting projects that adhere to stringent environmental standards, promote renewable energy, and contribute to reducing carbon emissions in India. It also reflects the increasing momentum towards green financing and the collective efforts to tackle environmental challenges.

Mr. Vivek Kumar Dewangan, IAS, CMD of REC, stated, “This transaction aligns with REC’s commitment to boosting its green energy financing and sustainable project capabilities. It also reflects the global community’s support for sustainable development projects in India. This benchmark transaction is expected to pave the way for more collaborations in the future, helping achieve the nation’s green financing goals.”

Mr. Kaushik Shaparia, CEO of Deutsche Bank Group, India, added, “Our collaboration with REC underscores our commitment to advancing environmentally responsible initiatives and promoting sustainable financing in India. This transaction highlights Deutsche Bank’s expertise in green financing and our ability to support clients in their transition to a carbon-free future.”


Indian Masterminds Stories
Related Stories
NEWS
IAS Sujatha Karthikeyan
IAS Officer Sujata Karthikeyan, Wife of Ex-IAS & BJD Leader V K Pandian, Takes VRS: Will She Join Politics Next?
IFS Indian Forest Service resized (IFoS)
1,177 Indian Foreign Service Officers Are in India, Government Informs Parliament
Sarada Muraleedharan IAS
Kerala CS Sarada Muraleedharan Responds to Colourist Remarks: ‘Black Can Absorb Anything’
Central Board of Indirect Taxes and Customs
CBIC Accepts Voluntary Retirement of Two IRS (C&IT) Officers
Marriage
Cadre Transfer of IPS Officer Amrinder Singh to Haryana on Marriage Grounds
ips-officer Latest
16 IPS Officers from Various Cadres Set to Retire in March 2025, Check Names Here
CAG logo-resized
CAG Denies Conducting Audit on Vehicle Used by IAS Officer Smita Sabharwal, Sends Cautionary Letter to University
psuwatch_2024-11-04_ur2eppwp_NTPC-ONGC
ONGC NTPC Green Completes Ayana Acquisition for Rs 6,248.50 Crore
Videos
Sajjan Yadav, IAS
The Policy Maker Who Turned India’s Vaccine Story and UPSC Struggles into Bestsellers
WhatsApp Image 2025-03-21 at 14.33
Training The Cops In Mastering The Technology Used By Criminals
IAS Ayush Prasad
This IAS Officer Dreams of Making Jalgaon a $25 Billion Economy in Four Years
ADVERTISEMENT
Latest
IAS Sujatha Karthikeyan
IAS Officer Sujata Karthikeyan, Wife of Ex-IAS & BJD Leader V K Pandian, Takes VRS: Will She Join Politics Next?
IFS Indian Forest Service resized (IFoS)
1,177 Indian Foreign Service Officers Are in India, Government Informs Parliament
ADVERTISEMENT
Videos
Sajjan Yadav, IAS
WhatsApp Image 2025-03-21 at 14.33
IAS Ayush Prasad
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT