Techno Electric arranges funds for wind project
Real Estate

Techno Electric arranges funds for wind project

Techno Electric and Engineering Company announced financial closure of the 100 MW wind power project in Tamil Nadu taken up through the subsidiary Simran Wind Project. The Rs 600 crore project is slated to be fully commissioned in mid July 2011.

According to a company press release, of the total project cost, Rs 240 crore was financed through equity contribution of the parent Techno Electric (Rs 218 crore) and International Finance Corporation (Rs 22 crore). IFC holds 3.38 percent stake in Simran, and the balance 96.62 percent is held by Techno Electric.

Contact: Techno Electric and Engineering Company.
Website: www.techno.co.in

Techno Electric and Engineering Company announced financial closure of the 100 MW wind power project in Tamil Nadu taken up through the subsidiary Simran Wind Project. The Rs 600 crore project is slated to be fully commissioned in mid July 2011.According to a company press release, of the total project cost, Rs 240 crore was financed through equity contribution of the parent Techno Electric (Rs 218 crore) and International Finance Corporation (Rs 22 crore). IFC holds 3.38 percent stake in Simran, and the balance 96.62 percent is held by Techno Electric.Contact: Techno Electric and Engineering Company.Website: www.techno.co.in

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