IFC, FE Clean invest Bhilwara Energy
The International Finance Corporation (IFC) and Indian private equity firm FE Clean Energy have jointly invested $50 million 50:50 into Noida-headquartered Bhilwara Energy Ltd., a hydroelectric power and manufacturing group, for a 10.8% stake.
The company currently controls one operating hydro project and one near completion, and plans to develop several more in the states of Himachal Pradesh, Arunachal Pradesh and Punjab, as well as Nepal,...
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