REC is in talks with KfW for raising money to provide funding for renewable energy projects. The state-owned company is a leading lender for power projects in the country. The company is looking to raise funds from KfW, REC Chairman and Managing Director Rajeev Sharma said at the Green Energy Summit, organised by Indian Chamber of Commerce in association with the Ministry of New and Renewable Energy. Both companies are in talks regarding funds that would be utilised by REC for financing renewable energy projects. REC had earlier received about 100 million euros loan from KfW, a leading development bank based in Germany.
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