IFC invests $15 mn in Indian biomass company to boost power supply

Posted by Commodity Online: None Given on August 9th, 2011
Commodity Online: IFC -- a member of the World Bank Group -- will provide $15 million in equity financing to Shalivahana Green Energy Limited -- an Indian biomass power company -- to help increase India's power supply. IFC's investment will support the company's expansion of about 200 megawatts of its existing biomass power projects in the Indian states of Chhattisgarh, Jharkhand, Madhya Pradesh, Orissa, and Tamil Nadu. Through its Post-2012 Carbon Facility, IFC will also commit to purchase up to 1.5 million Certified......

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