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Title: REC says over 10% lending this financial year will be in renewables
Source:Business Standard
Date:1 June 2017

As the country's energy sector increases focus on renewable options, one of the main power finance companies, REC (Rural Electrification Corporation), expects its lending to the industry to grow significantly in the current financial year. In 2016-2017, eight per cent of the total lending activity was towards the non-conventional energy segment. As a percentage of the company's total outstanding loans, renewable energy was four per cent. As on March 31, the company's loan book was Rs 2.01 lakh crore. A larger chunk of the disbursements seen in the last financial year was also towards transmission and distribution.




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