"The financing will help India promote low-carbon energy by scaling up renewable energy, developing green hydrogen, and stimulating climate finance for low-carbon energy investments.," the World Bank said in a blog post.
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REC provides long-term loans and other financing products to State, Centre, and Private Companies for the creation of infrastructure assets in the country.
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The transaction takes AdaniConneX's construction financing pool to USD 1.65 billion, building on the maiden construction facility of USD 213 million executed in June 2023
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Dearth of capital imposes certain limitations on real estate sector which troubles the developers and compels them to procure funds at high rates
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