NSL Renewable Power Private Limited (NRPPL), part of the Hyderabad-based NSL Group, Monday announced that has raised equity investment of $60 million to fuel its growth in wind and hydro power sectors. The company raised the equity from a group of investors comprising of Development Finance Institutions, DEG - Deutsche Investitions- und Entwicklungsgesellschaft from Germany and PROPARCO from France, Asia Clean Energy Limited, a private equity fund from South Korea and GS Power Co. Ltd from South Korea. Existing investors in the company, International Finance Corporation and FE Clean Energy also participated in this round of fund raising, said a company statement.
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