RAJASTHAN SUN TECHNIQUE ENERGY
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
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.
What is our 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 do we fund this investment?
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 30.13 MLN |
- Region
- Asia
- Country
- India
- Sector
- Energy
- Effective date
- 6/8/2012
- Total FMO financing
- USD 15.00 MLN
- Funding
- Building Prospects
-
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+