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Worldwide Finance Company (IFC) plans to debt finance the development of Thar Surya 1 Pvt Ltd’s 300 MW solar power undertaking in Bikaner, Rajasthan by $50 million.
Aside from lending $50 million, IFC may even mobilise $100 million debt by means of parallel lenders.
In accordance with IFC, the overall solar power undertaking value is estimated at $200 million.
The solar power undertaking is sponsored by Enel Inexperienced Energy India, one of many step-down subsidiaries of Enel Inexperienced Energy S.p.A., an present IFC shopper.
Enel Inexperienced Energy is likely one of the largest renewable power developer on the planet with 49 GW put in capability throughout wind, photo voltaic, geothermal and hydropower initiatives, and with presence in 28 international locations.
Enel Inexperienced Energy is a subsidiary of Enel S.p.A., Italy.
The solar energy era undertaking was awarded by Photo voltaic Power Company of India (SECI).
The ability generated by Thar Surya will probably be bought to SECI below 25 yr Energy Buy Settlement (PPA).
–IANS
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(Solely the headline and film of this report could have been reworked by the Enterprise Customary employees; the remainder of the content material is auto-generated from a syndicated feed.)
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