NIB helps tap renewable energy in India
(Thomson Reuters ONE) -
NIB helps tap renewable energy in India
The Nordic Investment Bank (NIB) and India's Axis Bank Limited have agreed on a
USD 50 million loan for seven wind turbine parks in India.
Altogether, 208 wind turbines of 0.85-2.10 MW will be set up, making the total
capacity of the new wind parks 300 MW. Five of the seven units are being
constructed in the state of Tamil Nadu, and the remaining two units will be
built in Andhra Pradesh and Gujarat. The project is being implemented by the
special-purpose company Beta Wind Farm Pvt. Ltd.
The wind turbine generators will be sourced from several reputable international
suppliers, including Vestas, Suzlon, Gamesa, GE and LSML.
Axis Bank, a listed company, started operations in 1993 and it is currently the
third largest private sector bank in India.
The financing was concluded in close cooperation with HSBC that acted as
financial adviser to Beta Wind Farm Pvt. Ltd.
The Nordic Investment Bank (NIB) is the common international financial
institution of the eight Nordic and Baltic countries. NIB provides long-term
financing to the energy, environmental, transport, logistics and communications,
and innovation sectors for projects that strengthen competitiveness and enhance
the environment. NIB has the highest possible credit rating, AAA/Aaa, with the
leading rating agencies Standard & Poor's and Moody's.
For further information, please contact
Ms Tarja Kylänpää, Deputy Head of International Lending, at +358 10 618 0237,
tarja.kylanpaa(at)nib.int
Mr Dimitrijs Alehins, Senior Communications Specialist, at +358 10 618 0296,
dimitrijs.alehins(at)nib.int
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: NIB NORDIC INVESTMENT BANK via Thomson Reuters ONE
[HUG#1610216]
Unternehmensinformation / Kurzprofil:
Datum: 10.05.2012 - 12:06 Uhr
Sprache: Deutsch
News-ID 145121
Anzahl Zeichen: 2372
contact information:
Town:
Helsinki
Kategorie:
Business News
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"NIB helps tap renewable energy in India"
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