Project detail - RAJASTHAN SUN TECHNIQUE ENERGY

RAJASTHAN SUN TECHNIQUE ENERGY

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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.

Funding objective

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.

More investments

Date Total FMO financing
6/8/2012 USD 15.00 MLN
Region
Asia
Country
India
Sector
Energy
Signing date
6/8/2012
Total FMO financing
USD 30.13 MLN
Fund
FMO
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)
B+