New Delhi, 14 November 2024: Shri Vivek Kumar Dewangan, CMD, REC Ltd. spoke at the ET India Ascends Summit. He was part of a dynamic panel discussion that centered around ‘India’s Green Transition– Challenges and Opportunities’. Speaking on the impetus given by the Govt. of India towards green energy transition, Shri V K Dewangan highlighted that our country has a very good policy environment that supports the energy transition goals.
He further highlighted that to meet the country’s growing green finance needs, green bonds are a key part of our climate finance strategy. They raise money specifically for green projects, attracting private investment and supporting renewable energy and sustainable infrastructure. In 2024, REC issued the first Yen-denominated green bonds by an Indian PSU ever, worth JPY 61.1 billion, marking the largest Euro-Yen issuance and also the largest non-sovereign Yen-denominated issuance ever by a South and Southeast Asian issuer.
