Tata Cleantech May Fund $400 Million Projects in India
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Tata Cleantech Capital Ltd. may fund as much as 25 billion rupees ($401 million) of renewable and energy-efficiency projects in India as costs for coal-based power prompt companies to turn to alternatives.
“The combined cost of grid power and diesel generators that many companies use today is higher than solar,” Avijit Bhattacharya, chief executive officer of the lender set up jointly by Tata Capital Ltd. and International Finance Corp., said in an interview in Mumbai.