RBI’s New Policy on ECBs Could Leave Renewable Energy Projects Stranded
The new framework makes the repayment of rupee loan to domestic lenders by renewable project developers through ECB proceeds impossible
January 21, 2019
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The National Solar Energy Federation of India (NSEFI) has written a letter to the Prime Minister’s Office (PMO) regarding the new External Commercial Borrowings (ECB) policy framework implemented by the Reserve Bank of India (RBI), which is against the best interests of the domestic renewable industry according to the Federation.
Nitin Kabeer
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