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Monday, September 17, 2012

Welspun receives Rs355 cr fund for 50 MW solar project in Rajasthan

Jaipur, Sep 10 (EPC News): Welspun Energy Ltd received a long-term project funding of Rs355 crore to set up a 50 MW solar power project in Rajasthan. The company received financial tie ups from three public sector banks and one infrastructure finance firm.
Welspun had earlier inked a power purchase agreement (PPA) with NTPC Vidyut Vyapar Nigam Ltd in January. The 50 MW solar project in Rajasthan is expected to be commissioned in the first quarter of 2013.
Welspun already enjoying its presence in Rajasthan, Guajrat, Madhya Pradesh, Karnataka and Andhra Pradesh is also exploring opportunities in other states including Uttar Pradesh, Tamil Nadu, Orissa and Chhattisgarh. The company also plans to add a capacity of over 250 MW solar projects by the end of 2013, making it one of the largest solar independent power producers in India.

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