Husk Power Systems bags the largest-ever debt financing of USD 4 million

On Tuesday, Smart Power India told its colleague Husk Power Systems has bagged the hugest-ever debt financing of USD 4 million for rural microgrids in India to establish 140 mini-grids in India.

This step is to motivate valid entry to electricity till the ultimate mile, Smart Power India’s partner Husk Power Systems previously ensured the hugest-ever debt finance to establish 140 mini-grids in rural India.

According to the announcement, the amount earned is USD 4 million from the IREDA.

The IREDA loan to Smart Power India’s supporter Husk affects the hugest debt financing for rural mini-grids in India till duration.

The IREDA is a state-owned non-banking financial institution under the executive custody of the country’s Ministry of New and Renewable Energy. It facilitates, formulates, and extends economic employment to renewable energy undertakings.

Husk Power’s 100th mini-grid was a substantial juncture along the way to attaining valid electricity for all.


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