New Delhi: The Prime Minister’s Office has intervened to help ease credit supply to renewable energy firms, as the government moves to ensure that India’s efforts to emerge as a clean energy champion are not undermined by a lack of access to funds. Wind power tariffs also plummeted to ₹2.43 per kilowatt hour at an auction held in December 2017. PFC claimed that there is no slowdown in sanctions to renewable energy projects. Queries emailed to NITI Aayog vice chairman Rajiv Kumar and spokespersons for NITI Aayog, SBI, REC, PMO, and the finance ministry on 23 September remained unanswered till the time of going to press. A spokesperson for the ministry of new and renewable energy declined to comment.

Source: Mint September 29, 2019 19:07 UTC