PFC, Goa govt sign pact for green energy initiatives
psuwatch.com
India
21-02-2024
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Maharatna Power PSU Power Finance Corporation \ on Tuesday said it has signed an agreement with the Goa government to support various green energy initiatives in the state to tackle climate change.
A Memorandum of Understanding (MoU) was signed in the presence of Goa Chief Minister Pramod Sawant, Power Finance Corporation (PFC) said in a statement.
"Under the MoU, PFC, through innovative blended finance mechanisms in cooperation with this facility, will fund key climate projects such as renewable energy, green hydrogen, electric vehicles, waste-to-wealth technology and nature-based solutions leading to energy transition," it said.
The Goa government will facilitate the implementation of the facility by identifying and developing a pipeline of climate projects, promoting policy decisions and facilitating collaboration among stakeholders, it said.