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PFC forays into financing Green Energy Projects; extending financial assistance of 570 cr for deploying 700 electric buses
New Delhi: Power Finance Corporation (PFC) forays into financing Green Energy Projects by extending financial assistance of Rs. 570 crore for deploying 700 electric buses under FAME-II initiative to e-mobility platform supported by Govt. of India and Govt. of U.K.
The initiative will provide e-mobility in UP-Meerut, Agra, Lucknow, Kanpur, Varanasi, etc for intra-city operations under the PPP model reducing carbon footprint & offering green energy solutions. With this, PFC will play a pivotal role in promoting green & clean energy through EVs.
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