Rural Electrification Corp is a state owned company under the Ministry of Power. Its purpose is to finance the development of power generation and distribution across India. In particular, it focuses on rural communities in India, where millions of people live without reliable electricity supplies.
The bond proceeds will be finance and refinance new and existing renewable energy generation with a total capacity of over 1.6 GW.
|
DATE OF ISSUE |
TYPE OF INSTRUMENT |
SIZE |
COUNTRY OF ISSUE |
CLIMATE BONDS SECTOR CRITERIA |
VERIFIER'S REPORT(S) |
ANNUAL REPORT |
WEBSITE |
FURTHER INFORMATION |
|
July 2017 |
Use of Proceeds Bond |
USD 450m |
India |
Solar and Wind |