47920-014: Solar and Wind Power Development Project

Project Data Sheet (PDS): Overview


Description

Welspun Renewables Energy Limited (WREL) is one of the leading solar power developers in India. The company has 30 MW of operational solar projects, 50 MW under construction, and another 610 MW in pipeline for implementation over 2013-2015. The project involves the funding of WREL's equity injection in the solar projects that will reach financial close in 2013 72014; in the form of compulsory convertible debentures (CCD) in WREL. This will be ADB's first mezzanine investment in the renewable ... Read More

Country India
Borrower/Equity Investment Name WELSPUN RENEWABLES ENERGY LIMITED
Project Number 47920-014
Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Number 7400
Approval Date 12 Dec 2013
Sector Not yet classified
Subsector For Classification
Safeguard Categories Environment: B
Resettlement: C
Indigenous People: C

 

 

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Project Data Sheets (PDS)

Translated PDS

Responsible ADB Officer
Not Assigned
Request for information

Responsible ADB Department
Private Sector Operations Department

Responsible ADB Divisions
Infrastructure Finance Division 1

PDS Creation Date
15 Jul 2013

Last PDS Update
23 Sep 2014

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