PTC INDIA FINANCIAL SERVICES LTD.
Status: Completed 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
PTC India Financial Services Ltd (PFS) is a Delhi-based NBFI providing full financial services to entities in the energy value chain. PFS also provides non-fund based financial services, adding value to green field and brown field projects at various stages of growth and development.
What is our funding objective?
The facility will be fully used (100%) to grow the renewable energy portfolio of PFS for amongst others realization of wind power, geothermal power and solar power generation.
Why do we fund this investment?
India's growing economy and population are leading to increasing demand of electricity, pressuring existing supply and leading to ongoing power shortages. Through this transaction, the company will be able to increase energy capacity to sustainably continue India's growth path.
- Region
- Asia
- Country
- India
- Sector
- Financial Institutions
- Effective date
- 6/5/2015
- End date
- 7/5/2022
- Total FMO financing
- INR 1500.00 MLN
- Funding
- FMO NV
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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) - A