Apraava Energy secures funding from REC and PFC for its wind, transmission, and advanced metering projects

Apraava Energy has signed memoranda of understanding (MoUs) with REC Limited and Power Finance Corporation Limited (PFC) for financial assistance worth Rs 91.20 billion.

The funding will be used to develop Apraava’s wind, transmission and advanced metering infrastructure projects in the country. This milestone reaffirms Apraava’s sharp focus on growth in green and low-carbon businesses and alignment with India’s energy transition goals. Over the last few years, Apraava has diversified into newer areas of the energy value chain such as transmission and advanced metering that will support the acceleration of the transition to a greener economy in India.