EnergyPre-market
Brookfield secures ₹7,500 crore funding for Andhra project
pre-market1 source ↓written by the desknot a recommendation
- Ltd has sanctioned
- ₹7,500 crore
- hybrid project
- 1.04 GW
- in Evren
- 51.49%
- in the project
- ₹9,910 crore
State-owned REC Ltd has sanctioned ₹7,500 crore for a 1.04 GW hybrid project by Brookfield in Andhra Pradesh. This marks the largest funding by REC for a private initiative. Brookfield, owning 51.49% in Evren, plans to invest ₹9,910 crore in the project, enhancing its renewable energy footprint.
Not investment advice. For informational purposes only.