Bhilwara Group's 20 MW wind power project gets IFC loan

The IFC is planning tolend to Bhilwara Energy Limited for setting up a 20 MW wind power project in Jaisalmer, Rajasthan.

The International Finance Corporation contends that its long-tenor, Rupee based debt financing will help BEL minimize financial risks.

The 20 MW project has been categorized as 'Category B' in line with IFC’s environmental and social review procedures.

Accordingly, the adverse environment and social risks and impacts are limited, and can be readily mitigated by adhering to the generally recognized performance standards.

The project, expected to be commissioned by March 31, 2013, is located within a 300 MW wind farm being developed by Inox Renewables Ltd (IRL), Inox Wind Limited (IWL) and the associate companies.