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The Economic Times
The Economic Times

IFC commits USD 50 million to Hygenco to promote green hydrogen in India

IFC Hydrogen India International Finance Corporation

International Finance Corporation (IFC), a World Bank Group arm, on Friday committed USD 50 million to Hygenco Green Energies Private Ltd to promote green hydrogen in India.

IFC, together with Siemens Financial Services, Clean Technology Fund, Frontier Opportunities Fund, and Fullerton Carbon Action Fund, signed a definitive agreement for a collective amount equivalent to USD 105 million investment into green hydrogen solutions platform Hygenco.

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