YES Bank, EIB to Co-finance $400 mn for Clean Power Projects

Last Updated: December 20, 2017

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YES Bank, EIB to Co-finance $400 mn for Clean Power Projects
20 December 2017 Current Affairs: YES Bank and the European Investment Bank will co-finance $400-million funding for renewable power generation in the country. The new financing programme will streamline financing for a range of renewable energy projects being built and operated by leading Indian corporations and private sector developers.
Of the $400-million, the EIB will fund $200 million, while the rest will be supported by YES Bank, the project promoters, and other financial institutions. The EIB loan of $200 million has a tenor of 15 years.

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