Azure Power May Get $10 Million from IFC for Solar Projects
By Narsi Santhanam • Dec 15th, 2009 • Category: Uncategorized
Azure plans to build up a capacity of 100 MW by 2013 which will require an investment $300-400 million.
Azure Power, a solar energy services provider, is close to raising $10 million from International Finance Corporation (IFC), the investment arm of the World Bank. The funds will be used by Azure, an IPP (Independent Power Producer), for its upcoming projects in states like Punjab, Haryana and Gujarat. The company already has projects of up to 22 MW under development and is in talks to setup projects worth another 30 MW.
The New Delhi-based firm plans to develop a number of projects with 5 MW capacity, which it says is the most optimal. Azure has three 5 MW projects coming up in Gujarat and one 2 MW project in Haryana. It is also eyeing states like Rajasthan, West Begal and Karnataka for more such projects.
More from here
Related posts:
- Haryana to Develop Solar Power Projects – RS India, Astonfield, Epuron, Azure
- List of Proposed Solar PV and Thermal Projects in Gujarat
- Solar Power Firm Cobol Technologies Raises $30 million from Pangea Capital
- Essar Power Plans to Expand Coal and Wind Power Projects by 2012
- Gujarat To Have Large Number of Solar Projects
Subscribe to Our Newsletter
Don´t Miss It! Get Latest from Energy Alternative India Delivered in Your Mailbox. Free!

















Free EAI Newsletter
…
Excellent publish! I’ll subscribe perfect now wth my feedreader software program!…
…
This blog is wonderful. How did you appear up witht he idea?…
…
Cheers for this content, guys, keep up the excellent work….
…
I saw this really excellent post these days!…
…
You guys have a good web site going below, KIU!…
…
Hi! Your post rocks and is often a great read!…
…
Fantastic article! I’ll subscribe correct now wth my feedreader software program!…
…
Cheers for the facts. Greatly appreciated….
…
Fantastic publish! I’ll subscribe appropriate now wth my feedreader software program!…