ICICI Bank Ltd.

ICICI bank, country’s largest public sector lender is likely to get $30 million export credit line from Japan Bank for International Co-operation (JBIC) for financing renewable energy projects. The total loan assistance will be $80 million, which will include $50 million from Japanese private financial institutions.

The Indian Government has been making efforts to encourage broader utilization of renewable energy for power generation, as demand for electric power has been increasing. It aims to increase the power generation capacity of renewable energy to 41.4 GW by the year 2017.