PFC said it has consented to an arrangement with the Goa government to help different green energy initiatives in the state to handle environmental change. An Update of Figuring out (MoU) was endorsed within the sight of Goa Boss Priest Pramod Sawant, Power Money Partnership (PFC) said in an explanation.
"Under the MoU, PFC, through innovative blended finance mechanisms in cooperation with this facility, will fund key climate projects such as renewable energy, green hydrogen, electric vehicles, waste-to-wealth technology and nature-based solutions leading to energy transition," it said.
The Goa government will work with the execution of the office by recognizing and fostering a pipeline of environment projects, advancing strategy choices and working with cooperation among partners, it said.
Financial institutions World Bank, SIDBI and NABARD are also part of the programme, as per ET.
"India is committed to achieving Panchamrit and net-zero emissions by 2070. PFC is going to play a pivotal role in aligning with the government's commitment to net-zero (emissions) through this milestone initiative in the area of blended financing for achieving energy transition," PFC Chairman and Managing Director Parminder Chopra said.
Power Money Enterprise Ltd is an Indian focal public area undertaking under the responsibility for Service of Influence, Legislature of India. Laid out in 1986, it is the monetary spine of Indian power area. PFC's total assets as on 30 June 2023 is INR 1,184 billion. PFC is the eighth most noteworthy benefit unveiling Focal Area Undertaking (CPSU) according to the Branch of Public Endeavors Overview for FY 2017-18.
