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Construction : Deals | October 2014 | Source : Construction Update

IFC plans to invest in IDFC PEs energy arm Green Infra

International Finance Corporation (IFC) has plans to invest US$59 million in Green Infra Ltd. IDFC Private Equity energy arm for the development of wind energy projects in India. The funding debt will be used over the next one year for various projects that GIL is developing. The balance debt financing of up to US$118 million is proposed to be arranged from other lenders by GIL or through IFC's syndicated loan product. The first tranche of this US$59 million debt funding, which is to be used over the next one year, would be provided to its wholly owned subsidiary Green Infra Corporate Solar Ltd that is setting up four wind projects with a capacity of 182.4 megawatt (MW) in Dangri, Nipanya, Parner and Rajgarh.
 
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