Green Infra Wind

completed

The Project involves a multi-level engagement and partnership with Green Infra Limited (“GIL”, the Sponsor), an existing IFC client to develop, operate and construct renewable generation assets in India.IFC is considering providing an overall envelope for debt funding in the amount of US$59 million, to be used over the next one year for various projects that GIL is developing. The first tranche of this financing is expected to be provided to the wholly owned subsidiary of GIL, Green Infra Corporate Solar Limited (“GICSL”, or the Company). The Company has been set up to develop five wind power plants (namely Dangri, Nipanya, Parner, Rajgarh and Rojmal) in India, with a total capacity of 242.4MW. The plants are expected to be commissioned by 31st March, 2015. The off-takers for the plants are going to be respective state distribution companies where the plants will be located. The Company has signed the Engineering, Procurement and Construction (“EPC”) and Operations and Maintenance (O&M) agreements for Dangri, Nipanya and Rojmal plants with Inox Wind Limited, Inox Wind Infrastructure Services Limited and Inox Renewables Limited. The Company has signed EPC agreement for Parner plant with Kenersys India Private Limited and Acorn Properties Private Limited and for Rajgarh plant with Wind World India Limited and Wind World Wind Resources Development Private Limited.