(a) the present status of “Clean Energy for Rural Development (REC-III)†project;
(b) the details of various Clean Energy projects being undertaken in rural areas of
the country;
(c) whether the Government is considering certain sub-projects under REC-III; and
(d) if so, the details thereof?
MINISTER FOR NEW AND RENEWABLE ENERGY (DR. FAROOQ ABDULLAH)
(a):Rural Electrification Corporation Ltd (REC) a public sector undertaking under the
administrative control of the Ministry of Power has signed a loan agreement for ‘Clean
Energy for Rural Development (REC-III)’ project with KfW, Germany on 30 March 2012 to
refinance loans provided by REC to renewable energy projects in rural areas and to energy
efficiency projects. The amount of Loan is Euro 100 million which can be drawn in phases
upto 31 December 2017.
(b):As on date REC has claimed Rs 140.52 crore against loans given to 5 projects in
the states of Andhra Pradesh, Gujarat, Orissa, Haryana, and Rajasthan aggregating
renewable energy generation capacity of 27 MW comprising 2 biomass based projects of
20 MW and 3 solar power generation projects of 7 MW.
(c)&(d):REC-III loan covers a number of sub-projects which are set up by state/ private
sector developers. These sub-projects are initially financed by REC and refinanced
by KfW, Germany.