Welspun achieves financial closure for mega Rajasthan wind project

 Welspun Renewables Energy Pvt. Ltd. (WREPL) announced that it has closed financing for its 126 MW wind project in Rajasthan. Debt component of Rs 630 crore has been secured through long-term funding from a consortium of leading financial institutions. 
Slated to be commissioned by June 2015, the on-ground construction work for the project has progressed well ahead of schedule. “While the industry has been facing funding challenges, WREPL has been successful in organising financing for its projects. Apart from receiving backing from national institutions, Welspun Renewables has also received infusion from a major international financial institution,” the company said issuing a statement. 

Advertising