IDFC Alternatives Completes Project Financing of USD37.1 Million for Refinancing of Two Solar Power Plants in Punjab, India

Published: Aug 10 2017
Deal Summary

IDFC Alternatives Limited, a provider of infrastructure financing and project implementation services, through its India Infrastructure Fund II, has completed bond financing of INR2,500 million (USD37.12 million) for refinancing of two solar power plants in Punjab, India.

IDFC Alternatives has raised long-term project finance by selling non-convertible debentures to infrastructure debt funds and financial institutions. The proceeds will be used to refinance two of its solar plants, which Vector Green Energy Pvt. Ltd., a subsidiary of India Infrastructure Fund II, has recently acquired from Punj Lloyd group.

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