The International Finance Corporation under the World Bank has decided to provide debt financing of about Rs 3,038 million for the development of Hero Future Energies Limited’s 250 MW solar power park at Bhadla in the state of Rajasthan.
The project is being developed by Clean Solar Power (Jodhpur) Private Limited, a subsidiary of Hero Future Energies at an investment of Rs 14,036 million. The power purchase agreement has been signed with Solar Energy Corporation of India Limited for a period of 25 years.