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Apraava Energy gets Rs 9,120 cr from REC, PFC
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Apraava Energy has signed memorandums of understanding (MoUs) with state-owned REC and Power Finance Corporation (PFC) to secure financing of Rs 9,120 crore for funding its wind, transmission and advanced metering projects in the country. Apraava Energy is jointly owned by the CLP Group, one of the largest investor-owned power businesses in Asia, and Caisse de depot et placement du Quebec (CDPQ), a global investment group.
«This partnership further strengthens our roadmap to deliver sustainable and integrated growth in the future. We thank REC and PFC for placing their trust in our aspirations for a better world,» said Rajiv Ranjan Mishra, managing director, Apraava Energy.
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