Shriram Group's renewable energy unit - 
Beta Wind Farm Pvt Ltd has raised $249Mn in rupee and dollar loans from banks for projects in AP and Gujarat.
The firm raised $111Mn with an 11-year facility, and $30Mn from a seven-year loan to fund a 156- megawatt renewable-energy project in AP and it also got R536Cr 10-year loan to finance projects in the states of Andhra Pradesh and Gujarat with a total capacity of 144 megawatts.
Axis Bank was the arranger for the transaction.
Beta Wind Farm Pvt Ltd is a subsidiary of the BSE-listed Orient Green Power Company Ltd. Orient Green Power is also planning to pledge 23 per cent of the equity shares held in BETA towards IL&FS Financial Services Ltd (IFIN) and other lenders. It is being done for sanctioning of bridge loan of R90Cr.
Incorporated in December 2006, OGPL is in the business of building and operating renewable energy-based power plants. It started generating power in April 2008 after it acquired the first biomass plant in Kotputli, Rajasthan.
The company is a 94.75% subsidiary of Singapore-based Orient Green Power Pte. Ltd, which is owned by Shriram EPC, Singapore (37.7%), Bessemer Venture Partners (37.7%) and AEP Green Power Limited (24.6%). Bessemer India and AEP Green are the private equity investors in OGPPL.
| |
4134
3846
945
4260
973
|
|
17649
42
1677
25526
3005
|
|
1369
459
3151
32715
140
|
|
24632
|
|
KVEZAR VIEW
| Date | Type | Buyer | Target | Size ($mn) | State |
| 02/05/12 |
Private Equity |
Zephyr Peacock India |
Flareum Solar Technologies Private Limited (Formerly Gadhia Solar Energy Systems Private Limited) |
1.00 |
Planned |
| 02/05/12 |
Private Equity |
International Finance Corporation |
Mahindra Suryaprakash Limited |
15.90 |
Planned |
| 02/05/12 |
Private Equity |
International Finance Corporation |
Solarfield Energy Two Private Limited |
10.10 |
Planned |
| 25/04/12 |
Private Equity |
International Finance Corporation |
Inox Renewables Limited |
130.00 |
Planned |
Company |
| Name | Promoters | Office | Competitor | Website |
| Beta Wind Farm Private Limited |
Orient Green Power Company Limited |
Sigappi Achi Building, 4th Floor, 18/3 Rukmini Lakshmipathi Road,Egmore |
|
www.orientgreenpower.com |
