BIZ-SREI

Srei Equipment gets USD 30 million from Netherland bank
    Kolkata, Jun 20 (PTI) Srei Equipment Finance Ltd on
Thursday said it has received credit approval worth USD 30
million from FMO, a Netherlands-based development finance
bank.
    "The loan will be fully dedicated to re-financing of
green activities of Srei Equipment, primarily through the
financing or leasing of equipment used for solar and wind
projects," the company said in a release.
    Srei Equipment, a wholly-owned subsidiary of Srei
Infrastructure Finance Ltd, has an environmental and social
management system in place for over a decade, and this debt
investment by FMO will further help the company amplify its
ongoing efforts towards responsible financing, it said.
    The Ministry of New and Renewable Energy (MNRE) has
set an ambitious target to install renewable energy capacities
to the tune of 225 GW by 2022. PTI BSM
RBT RBT

(This story has not been edited by THE WEEK and is auto-generated from a PTI feed.)