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News Brief | December 2012

PTC India to raise $40 mn from IFC to fund wind projects

To provide finance to various wind power projects, which can generate around 75-125 MW of power in the southern states and Maharashtra, PTC India Financial Services (PFS) will raise around $40 million from International Finance Corporation (IFC).PFS has been categorised as an infrastructure finance company by the Reserve Bank of India, and is focused on funding projects across the energy value chain in India. IFC said that the project, which includes IFC debt funding to PFS, will allow PFS to utilise funds to increase investments in wind-based power projects in the state of Maharashtra and Tamil Nadu with capacity ranging between 75-125 MW.
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