Power Today |
Advertise Here [728 W x 90 H pixels]
Web Exclusive | June 2013

Welspun sercures funding for its Karnataka solar project

For its solar project in Karnataka Welspun Energy, India's biggest developer of solar projects, on June 25 said it has got Rs 48.75 crore funding from financial institutions. The 7 mw project located in Chitradurga district will cost Rs 65 crore and is being funded in 75:25 debt-equity ratio. For the debt part, the company 'obtained Rs 48.75 crore investment from leading financial institutions, Welspun Energy said in a statement.

Welspun Solar Kannada Pvt Ltd, Welspun Energy's subsidiary, is developing the project under the Karnataka State Policy. Tracker technology will be implemented for 1 mw capacity, of the total project capacity of 7 mw. On ground work for the project is already in progress. As per the PPA signed with Mangalore Electric Supply Company ( MESCOM) the power plant needs to begin commercial operations by March 2014, it said.

Post your comment
Verification Code:   Change Image


Posted Comment
1 .     Yogesh Says:
17 Oct 2016
I wish to start pvc / pp electric wire unit in Delhi. What kind of information I can get if I subscribe for your magazine

2 .     Sarfaraj Bilakhiya Says:
20 Sep 2016
Pls invite me all auction in gujarat

3 .     k.natarajan Says:
20 Jun 2016
we are doing business developing for solar power ,thermal power , customer supporting and we have 45 mw splar power on hand needs investors..... thanks lot pls call +910842559230 +919842753550

Advertise Here [728 W x 90 H pixels]