NSL Wind Power Company (Kayathar) Private Limited
Status: Completed investmentWhy disclosure?
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In case of questions, please contact us at disclosure@fmo.nl
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
Our client is the NSL Wind Power Company (Kayathar) Private Ltd., which is fully owned by NSL Renewable Power Private Limited, the renewable engery developer of the Indian business conglomerate NSL Group. The company was established to develop a 49.5MW wind farm.
What is our funding objective?
The FMO senior loan facility will be fully used to fund the development of the 49.5MW wind farm in the state of Maharashtra, India.
Why do we fund this investment?
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's development impact includes the generation of much needed energy from a domestic, renewable resource, providing for (i) diversification of India's primarily thermal energy supply, (ii) contribution to the availability and reliability of power, and (iii) avoiding greenhouse gas emissions. FMO is a provider of long-term funding, which is not sufficiently available in the local market, and has taken a leading role in establishing the required environmental and social standards for the project.
What is the Environmental and Social categorization rationale?
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- Website customer/investment
- http://www.nslgroup.co.in/
- Region
- Asia
- Country
- India
- Sector
- Energy
- Effective date
- 12/20/2013
- End date
- 5/25/2023
- Total FMO financing
- USD 24.00 MLN
- Funding
- FMO NV
-
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+