A worker walks through the installed solar modules at the Naini solar power plant in the northern Indian city of Allahabad March 21, 2012. The 5 MW capacity plant by the Electrical Manufacturing Company Ltd. (EMC) has started under the phase-1 of the Jawaharlal Nehru solar power mission, the Government of India and targets to supply 5.5 million to 90 million units of power to the grid, project manager Pankaj Kumar said on Wednesday. REUTERS/Jitendra Prakash (INDIA - Tags: ENERGY BUSINESS EMPLOYMENT) - RTR2ZNLX

The Indian Government will soon be launching equity fund for pushing the renewable energy investment. As per media reports, the Indian Government is now planning to launch the equity fund, which is worth $2 billion for boosting the renewable energy development. The initial funding of one billion dollars will be available from the next financial year, April 2017.
CEEF, which is also known as Clean Energy Equity Fund, will see the contribution from the centre and also some of the state-owned firms. Close to $600 million will be given from National Investment and Infrastructure Fund, under the Ministry of Finance, and the rest contributed by those state-owned firms – NTPC Ltd, IREDA – that is the Rural Electrification Corporation and Indian Renewable Energy Development Agency.
These firms and many others have already increased many million dollars via green bond issues that might be directed to CEEF. The government is actually expected to …