IFC invests $5m in India’s NSL Renewables
The International Finance Corporation (IFC) has invested $5 million in Indian energy developer NSL Renewables Power Private Limited (NRPPL) to finance its wind and hydropower projects. NSL has raised a total of $120 million for the current phase of its 1 giga watt development plan.
IFC made the investment through the purchase of compulsorily convertible debentures. It follows a $20 million equity investment that IFC made in the company in 2011. This year NRPPL has also raised $30...
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