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.
Static/Current Takeaways Important for RBI Assistant Mains 2017 Exam-
- YES Bank MD and Chief Executive– Rana Kapoor, Headquarters- Mumbai.
- Werner Hoyer is the President of European Investment Bank.
- It headquarters in Luxembourg.
Source- The Hindu Business Line