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Rake Power Announces Project Financing of $7.5 Million

Rake Power Limited (RPL) has announced project financing of $7.5m for setting up a biomass power project in Sundergarh, Orissa. The total estimated cost of the 23 MW biomass power project is $25m. The project will be financed by the International Finance Corporation (IFC). The loan tenure will be up to 12 years with an additional three-year grace period.

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Recurrent energy deal analysis - PowerPoint PPT Presentation

Rake Power Announces Project Financing of $7.5 Million