Govt to launch equity fund of up to $2 billion.

The Indian government and three state-run firms would jointly prepared an equity fund of up to $2 billion for renewable energy companies to help New Delhi meet its clean energy goals.Private and public companies would be able to immerse into an initial amount of more than $1 billion starting next fiscal year.. India’s government hopes the Clean Energy Equity Fund (CEEF) would attract pension and insurance funds from

Canada and Europe.

iii. Around $600 million of the initial pool would come from the National Investment and Infrastructure Fund, under the finance ministry, and the rest from state entities NTPC Ltd, Rural Electrification Corp and the Indian Renewable Energy Development Agency.

iv. The program would depend on getting as much as $175 billion in funding with 70 percent of that apparently in bank loans and the rest as equity.

Govt  to launch equity fund of up to $2  billion.