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IFC to fund India solar project
Mint Mumbai
|September 04, 2023
Canada's Brookfield Asset Management Inc. is set to borrow up to $95 million from International Finance Corp. (IFC) to finance the development of solar power projects totalling 560 MW in Rajasthan.
This debt will finance a third of the total project cost, which is pegged at $317 million, IFC, the private sector investment arm of the World Bank Group, said in a disclosure. The portfolio of ground-mounted open access solar plants in Bikaner will supply electricity to commercial and industrial clients through a long-term power purchase agreement. Some of the power will also be sold on energy exchanges. The portfolio of power plants is owned by Brookfield.
Cette histoire est tirée de l'édition September 04, 2023 de Mint Mumbai.
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