AIIB to provide $100 million loan to L&T Infrastructure Finance

Loan proceeds to be used to lend to wind, solar infrastructure projects in India

The Asian Infrastructure Investment Bank (AIIB) will gve a $100-million loan to L&T Infrastructure Finance Company for wind and solar infrastructure projects in India. This is the first time AIIB is extending a loan to a non-banking finance company. 

“The Asian Infrastructure Investment Bank’s latest project will increase the supply of renewable energy in India by mobilising private capital,” AIIB said in its statement. The release added, “The project provides a $100-million loan to L&T Infrastructure Finance Company (LTIF), a subsidiary of L&T Finance Holdings and a leading non-bank financier of renewable energy in India.” 

L&T Infrastructure Finance’s collaboration with