NSL to build 75MW wind farm for $93M

NSL Renewable Power will set up a 75-MW wind power project in the Satara District of Maharashtra.

NRPPL has approached International Finance Corporation for securing $19 million loan for this $93-million project.

The company would implement the project through a subsidiary NSL Wind Power Company (Satara) Private Limited.

The project would be completed in two phases with 25.5 MW to be created in the first phase.

According to a disclosure made by IFC, its Board of Directors is slated to consider the project financing on October 8, 2012.

The Project involves supply, erection, testing, commissioning, operation and maintenance of 50 wind turbines, with a unit generating capacity of 1.5 MW to be supplied by ReGen under a supply, erection and commissioning contract with NSL Wind. Further, ReGen is also the O&M operator of this Project under an O&M contract with the Company.