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Government Banks Continue To Fund Coal Projects In India: Report

by daijiworld.com posted 4months ago 57 views
New Delhi, Jun 19 (IANS): A majority of government-owned banks and financial institutions continued to fund coal projects in India in 2017, an analysis of energy project lending said on Tuesday. It also reveals that comparatively, private financial companies are investing more in renewable energy projects compared to coal. The report 'Coal vs Renewables Finance Analysis' by the Delhi-based Centre for Financial Accountability (CFA) finds that coal received Rs 60,767 crore ($9.35 billion) in lending whereas renewable energy received Rs 22,913 crore ($3.50 billion).