Project detail - PANAMA WIND ENERGY PRIVATE LIMITED

PANAMA WIND ENERGY PRIVATE LIMITED

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Who is our client

Panama Wind Energy Private Ltd. is owned by the renewable energy fund developer Berkely Energy Wind Mauritus Limited (80%), the Indian business man Mr. Sameer Ladkad (14%) and management (6%). The company was established to develop a 100.8MW wind farm in the state of Maharashtra in India.

Funding objective

The FMO senior loan will be fully used for the development of the wind farm in Maharashtra.

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 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
1/20/2012 USD 9.21 MLN
Region
Asia
Country
India
Sector
Energy
Signing date
1/20/2012
Total FMO financing
USD 15.79 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+