Apraava Energy bags funding worth Rs 9.120 crore for renewable energy project
Clean and sustainable energy firm, Apraava Energy signed a Memorandum of Understanding (MoU) with both the Rural Electrification Corporation (REC) and the Power Finance Corporation Limited (PFC).
Under the MoUs REC and PFC are set to provide financial support of Rs 9,120 crore to Apraava for their upcoming wind, transmission, and Advanced Metering Infrastructure (AMI) projects within India. MoUs were signed during the Green Finance Summit, which was held in conjunction with the Green Business Summit Clean Energy Ministerial (CEM) and the Energy Transition Working Group (ETWG) Ministerial.
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