MoneyWorks4Me

Reliance Power raises $302 million via external commercial borrowings

10 Oct 2012 Evaluate

Reliance Power has raised $302 million through external commercial borrowings to fund its 100 MW solar power project in Rajasthan. The company has achieved financial closure for the largest concentrated solar power (CSP) project at Dhursar in Rajasthan’s Jaisalmer district.

The project work is progressing well with the entire financing in place, and the plant is to be commissioned by next year. The 100-MW plant is being built next to India’s largest thin film PV Project, the 40-MW photovoltaic project.

Peers
Company Name CMP
NTPC 317.00
Tata Power 345.00
Adani Power 196.60
Power Grid Corpn. 253.40
Adani Energy Solut. 1320.00
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