In Short : Surat hosted the Udhyog 2024 Exhibition organized by SGCCI, showcasing solutions in energy, efficiency, and environmental sectors. This event likely highlights innovations and technologies aimed at promoting sustainable practices and contributing to the region’s economic and environmental goals.
In Detail : The state government will facilitate the implementation of the facility by identifying and developing a pipeline of climate projects
Power Finance Corporation (PFC) has signed a memorandum of understanding (MoU) with the Goa government to promote green energy projects in the state. The agreement was signed in the presence of Goa Chief Minister Pramod Sawant. The collaboration aims to support the state’s efforts in sustainable and renewable energy initiatives.
PFC has committed to funding crucial climate initiatives through innovative blended finance mechanisms in partnership with a dedicated facility. The agreement will see investment in renewable energy, green hydrogen, electric vehicles, waste-to-wealth technology, and nature-based solutions. These projects are designed to facilitate the transition to cleaner, more sustainable energy sources.
The state government will facilitate the implementation of the facility by identifying and developing a pipeline of climate projects, promoting policy decisions and facilitating collaboration among stakeholders. Financial institutions such as World Bank, Small Industries Development Bank of India (SIDBI) and National Bank for Agriculture and Rural Development (NABARD) are also part of the programme.
PFC will play a significant role in aligning with the government’s commitment to a net-zero mission through this milestone initiative in blended financing for achieving energy transition.
