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Monday, September 17, 2012

Welspun ties up funds for 50 MW solar project in Rajasthan

Welspun Energy Ltd has tied-up finances to set up a 50-MW solar power project in Rajasthan.
Announcing the financial closure for the project, the company said it has secured a long-term project funding of Rs 355 crore from a consortium of lenders comprising three public sector banks and one infrastructure finance firm.
Welspun had in January this year signed a power purchase agreement (PPA) with NTPC Vidyut Vyapar Nigam Ltd — power grading arm of the state-owned power producer NTPC

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