Power Finance Corp to boost loans to renewable projects
ECONOMY & POLICY

Power Finance Corp to boost loans to renewable projects

Chairman Ravinder Singh Dhillon informed sources that Power Finance Corp intends to boost its loan book exposure to renewable energy projects, including supporting novel areas like green hydrogen and ammonia, to 27% (including large hydro) by FY30 from the present 10%.

In order to reach the goal, the corporation may spend up to Rs 3 lakh crore on renewable energy projects over the following seven years, he said.

The state-owned firm plans to establish itself as the main organisation for the energy transition and anticipates playing a big role in funding green initiatives in the future. According to Dhillon, the organisation has the advantage of taking on more risk and offering financing for a longer period at reasonable rates.

It seeks to provide funding for clean energy initiatives such offshore wind, pumped hydro storage, solar cells and modules, among others.

Chairman Ravinder Singh Dhillon informed sources that Power Finance Corp intends to boost its loan book exposure to renewable energy projects, including supporting novel areas like green hydrogen and ammonia, to 27% (including large hydro) by FY30 from the present 10%. In order to reach the goal, the corporation may spend up to Rs 3 lakh crore on renewable energy projects over the following seven years, he said. The state-owned firm plans to establish itself as the main organisation for the energy transition and anticipates playing a big role in funding green initiatives in the future. According to Dhillon, the organisation has the advantage of taking on more risk and offering financing for a longer period at reasonable rates. It seeks to provide funding for clean energy initiatives such offshore wind, pumped hydro storage, solar cells and modules, among others.

Next Story
Technology

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Next Story
Infrastructure Transport

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

Next Story
Real Estate

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?