RAJASTHAN SUN TECHNIQUE ENERGY
Who is our client
Rajasthan Sun Technique Energy Private Ltd. is a wholly owned subsidiary of Reliance Power, which is one of India's largest private sector power developers currently developing an energy portfolio of over 20,000 MW. The company was established to develop a concentrated solar power project.
The Infrastructure Development Fund subordinated loan will be used toward the development of a 100 MW concentrated solar power plant using Compact Linear Fresnel Reflector technology, in the state of Rajasthan, India.
Why we fund this project
India's rapidly growing economy and population are placing increasing demands on the country's already limited power supply. India has stated ambitious energy plans to meet this demand. The project will become the first project to use Compact Linear Fresnel Reflector technology from Areva on a commercial scale for power generation. The project will also contribute to the diversification of India's primarily thermal energy supply and ultimately contribute to the availability and increased reliability of power for the country as a whole.
|Date||Total FMO financing|
|6/8/2012||USD 15.00 MLN|
- Signing date
- Total FMO financing
- USD 30.13 MLN
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C)