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Indian financial institution L&T received $100 million debt financing from AIIB

 Last Update: 2023-01-02
 Source: Internet
 Author: User

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India's L&T Infrastructure Finance Ltd.
will receive $100 million in debt financing from the Asian Infrastructure Investment Bank (AIIB) to expand renewable energy lending
in India.

The Indian financial institution will use debt financing to lend to wind and solar projects in India, aiming to reduce carbon dioxide (CO2) emissions by 30%-35%
from 2005 levels by 2030.

According to the press release, the loan mobilizes private capital from sponsors, other financiers and L&T infrastructure financial institutions
' own sources of funding.

"AIIB's financing will help secure the supply of funds for renewable energy project development in India," said
D J Pandian, AIIB's vice president and chief investment officer.

L&T Infrastructure Finance, a subsidiary of L&T Finance Holdings Ltd, is India's leading non-banking finance company
in the renewable energy sector.

India's L&T Infrastructure Finance Ltd.
will receive $100 million in debt financing from the Asian Infrastructure Investment Bank (AIIB) to expand renewable energy lending
in India.

Debt financing

The Indian financial institution will use debt financing to lend to wind and solar projects in India, aiming to reduce carbon dioxide (CO2) emissions by 30%-35%
from 2005 levels by 2030.

According to the press release, the loan mobilizes private capital from sponsors, other financiers and L&T infrastructure financial institutions
' own sources of funding.

"AIIB's financing will help secure the supply of funds for renewable energy project development in India," said
D J Pandian, AIIB's vice president and chief investment officer.

L&T Infrastructure Finance, a subsidiary of L&T Finance Holdings Ltd, is India's leading non-banking finance company
in the renewable energy sector.

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