The International Finance Corporation (IFC), a unit of the World Bank, is set to invest up to US$36 million through debt financing in the 250 MW solar photovoltaic plant proposed by Mahindra Renewables Pvt Ltd in India.
The solar project, to be developed in the Jodphur district in Rajasthan, will represent about US$171 million of investment. Solar engineering group Mahindra Susten, a unit of Mahindra Renewables will build the project.
IFC will also offer assistance to the developers in the mobilization of about US$93 million syndicated parallel loan. The loan financing will fund the construction of the solar scheme.
Solar Energy Corporation of India (SECI) will purchase the energy produced through a power purchase agreement (PPA) signed in December 2018.
Country updates
-
-
January 20, 2020
Tender launched for 1.2GW hybrid solar-wind projects in India
The Solar Electricity Corporation of India (SECI) has launched a request for selection (RfS) for the development of up to 1.2 GW solar-wind hybrid projects in India. The proposed projects...
Read more -
January 15, 2020
Technique Solaire commissions the 27 MWp solar PV project in Parbhani
Technique Solaire has commissioned the 27 MWp solar photovoltaic project located in the territory of the villages of Ratnapur and Manwath, district of Parbhani, state of Maharashtra. The project comp...
Read more -
January 14, 2020
Adani Green starts the commercial operation of the 75 MW wind project in Gujarat
Adani Green Energy Ltd, part of the company Adani Group, has started the operations of the 75 MW wind farm in the state of Gujarat, India. The 75 MW onshore power plant will operate under a 25-year p...
Read more -
January 08, 2020
Inox Wind to build the 250 MW Bhuj wind project in Dayapar
Inox Wind Ltd has secured a contract to supply and build the 250 MW Bhuj wind project in Dayapar, from the Continuum Wind Energy. The project will be built in two phases, 126 MW on its first phase, w...
Read more -
December 24, 2019
Azure Power wins a contract for 2 GW ISTS Solar Project with SECI
Azure Power has received a letter of award (LOA) for a 2 GWs interstate transmission (ISTS) solar power project with Solar Energy Corporation of India (SECI) to supply power for 25 years at a tariff o...
Read more
