Urja Daily
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
No Result
View All Result
Urja Daily
No Result
View All Result
Home News

BEE to Help set up Energy Efficiency Projects for Private Industries in AP

Urja Daily by Urja Daily
September 28, 2020
in News
Reading Time: 2 mins read
0
BEE to Help set up Energy Efficiency Projects for Private Industries in AP
Share on FacebookShare on TwitterShare on Linkedin

Private industries in Andhra Pradesh can now easily avail of bank finance from BEE to take up energy efficiency projects in different sectors

Private industries in Andhra Pradesh can now easily avail of bank finance to take up energy efficiency projects in different sectors, including buildings, large industries, and small and medium enterprises. The Bureau of Energy Efficiency (BEE), a statutory body of the Union Ministry of Power, has come forward to channelize the bank finance to the energy efficiency projects in various states under the Partial Risk Guarantee Fund for Energy Efficiency (PRGFEE) scheme.

RELATED POSTS

The Hype Studio Partners with Kaydence Media Ventures to Boost Advocacy and PR Leadership

Zaggle and Standard Chartered Partner to Revolutionize Corporate Spend Management

The energy efficiency projects will be provided loan facility up to Rs 10 crore through BEE-approved energy service companies (ESCOs) under the scheme. This will help to scale up energy efficiency investments in AP for energy efficiency projects.

TNN reported that according to the officials, BEE has formulated a risk-sharing mechanism to provide financial institutions with partial coverage of risk involved in extending loans for energy-efficient projects. The BEE has allotted around Rs 312 crore for the PRGFEE at the national level. Under the scheme, the BEE will provide guarantees a maximum 50 percent of the loan or Rs 10 crore per project, whichever is less, to the financial institutions which offer loans to industries or others to take up energy efficiency projects in Andhra Pradesh.

In case of default, the fund will cover the first loss subject to a maximum of 10 percent of the total guaranteed amount and cover the remaining default (outstanding principal) amount on a pari-passu (equal footing) basis up to the maximum guaranteed amount.

AP State Energy Conservation Mission (APSECM) is the nodal agency to implement the PRGFEE scheme in Andhra Pradesh.

Recently, the central government had announced that it has ordered the release of Rs 3300 crore loan to the Andhra Pradesh power sector. The loan will fall under the second tranche of the Atmanirbhar Loan. The decision was announced by Union Minister for Power and New & Renewable Energy RK Singh during his meeting with Andhra Pradesh energy secretary Srikant Nagulapalli, AP Genco G Saiprasad in New Delhi. The power minister directed officials to release the amount to the state during the meeting.

Tags: Andhra PradeshbeeBEE Energy Efficiency ProjectsEnergy EfficiencyProjectsTNN
ShareTweetShare
Urja Daily

Urja Daily

Related Posts

Hype Studio Partners

The Hype Studio Partners with Kaydence Media Ventures to Boost Advocacy and PR Leadership

by Palak
September 4, 2025
0

New Delhi – The Hype Studio, an elite communications and PR consultancy known for its tailored, insight-driven strategies, today announced...

Zaggle and Standard Chartered Partner to Revolutionize Corporate Spend Management

by Palak
September 4, 2025
0

Mumbai, Maharashtra, India - Zaggle Prepaid Ocean Services Limited (Zaggle) announced a partnership with Standard Chartered Bank. Under the partnership,...

JSW Energy

JSW Steel Awards Repeat 220kV Cable Project to Sharika Enterprises at Dolvi

by Palak
September 3, 2025
0

New Delhi : Sharika Enterprises Limited (SEL) has announced that it has secured a repeat order from JSW Steel Limited for...

Delta SEMICON

Delta Showcases Advanced Automation at SEMICON India 2025

by Palak
September 3, 2025
0

New Delhi – Delta unveiled a comprehensive portfolio of next-generation innovations at SEMICON India 2025, inaugurated by the Hon’ble Prime Minister...

Greenzo Energy

Greenzo Energy Bags Order for Electrolyser Plant in Odisha

by Palak
September 2, 2025
0

Greenzo Energy India Limited has secured an order from Jindal Stainless Limited (JSL) to set up an advanced electrolyser-based green...

Next Post
CPS Energy Releases 2019 Sustainability Report

CPS Energy Releases 2019 Sustainability Report

XCMG Introduces Sustainable, Eco-friendly Pavement Maintenance Technology

XCMG Introduces Sustainable, Eco-friendly Pavement Maintenance Technology

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Shweta Solar

Shweta Solar set to unveil 1.2 GW Advanced Solar Module Manufacturing Facility in NCR

September 5, 2025
Powering India's Future

Transmission Lines: Myths, Facts, and Why They Matter for Powering India’s Future

September 5, 2025

MOST VIEWED

  • Hydrom

    Hydrom and Thyssenkrupp Nucera Partner for Green Hydrogen Projects in Oman

    0 shares
    Share 0 Tweet 0
  • SFC India Selected Dassault Systèmes for Indigenization and Digital Transformation of Wastewater Treatment Plants

    0 shares
    Share 0 Tweet 0
  • Juniper Green Energy Secures 1 GW Solar Module Deal with First Solar

    0 shares
    Share 0 Tweet 0
  • PGCIL Wins ISTS Project for Renewable Energy Integration in Karnataka

    0 shares
    Share 0 Tweet 0

Shweta Solar set to unveil 1.2 GW Advanced Solar Module Manufacturing Facility in NCR

Transmission Lines: Myths, Facts, and Why They Matter for Powering India’s Future

UAE Energy Undersecretary Visits Tellus Power Globe Holding’s Hong Kong Office

The Hype Studio Partners with Kaydence Media Ventures to Boost Advocacy and PR Leadership

What’s Holding Back the EV Battery Revolution?

Zaggle and Standard Chartered Partner to Revolutionize Corporate Spend Management

Latest Magazine

© 2016 – 2025 TechZone Print Media | All Rights Reserved

  • About Us
  • Contact Us
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe

© 2016 - 2025 TechZone Print Media | All Rights Reserved