Agreement signed to operationalise Partial Risk Guarantee Fund for Energy Efficiency
Featured

Agreement signed to operationalise Partial Risk Guarantee Fund for Energy Efficiency

Views: 604

energyBureau of Energy Efficiency (BEE) has signed an Implementing Agency Agreement with REC Power Distribution Company Ltd. (RECPDCL) for the operationalisation of Partial Risk Guarantee Fund for Energy Efficiency (PRGFEE).

PRGFEE aims to support energy efficiency projects by addressing credit risk barriers faced in financing Energy Service Companies (ESCOs).

RECPDCL signed the agreement with BEE on behalf of the consortium between RECPDCL, REC Limited and Energy Efficiency Services Limited (EESL).

PRGFEE is an innovative financing mechanism under Framework for Energy Efficient Economic Development (FEEED), which is one of the initiatives under National Mission for Enhanced Energy Efficiency.

This fund has been constituted by Bureau of Energy Efficiency and Ministry of Power, Government of India. PRGFEE is a risk sharing mechanism to provide financial institutions (Banks/NBFCs) with a partial coverage of risk involved in extending loans for energy efficiency projects.

Get a chance to meet who's who of Smart Cities ecosystem in India including key policymakers from Central and State Governments. Join us at Smart City Conclave, Kochi on 18 August, 2018 to explore business opportunities. Like and connect with us on Facebook, Linkedin and Twitter.

Click to comment

Leave a Reply

Your email address will not be published.

The Latest

.

About Us

Smart city portal was started with an aim to provide latest news information about the smart city mission of the Government of India. Founded in 2015, the portal enjoys the distinction of being India's first integrated website on smart cities of India. The website features stories on the economic growth of Indian cities where the government is trying to improve the quality of life of people by enabling local development and harnessing technology as a means to create smart outcomes for citizens.

Contact Us

Elets Technomedia Pvt. Ltd. Stellar IT Park, 7A/7B, 5th floor, Annexe Building, C-25, Sector 62 Noida – 201309, Uttar Pradesh, India

To Top