IFC to provide funds for Hero Future Energies’ 250 MW Bhadla solar park

The IFC 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 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 PPA has been signed with SECI for a period of 25 years.