{"id":271263,"date":"2019-04-26T05:58:49","date_gmt":"2019-04-26T05:58:49","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=271263"},"modified":"2019-04-26T05:58:49","modified_gmt":"2019-04-26T05:58:49","slug":"ifc-looks-to-provide-43-3-million-debt-financing-to-hero-future-energies-for-solar-farm-business","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ifc-looks-to-provide-43-3-million-debt-financing-to-hero-future-energies-for-solar-farm-business\/","title":{"rendered":"IFC looks to provide $43.3 million debt financing to Hero Future Energies for solar farm business"},"content":{"rendered":"<p>International Finance Corporation, a sister organisation of the World Bank, is looking to invest $43.3 million in Munjal family-promoted Hero Future Energies Global (HFE) through the debt-financing route. IFC indicated in a disclosure that the total estimated project cost is approximately $200 million, of which IFC will provide a debt-financing of $43.3 million along with mobilisation of senior loans on best effort basis.<\/p>\n<p>HFE\u2019s step-down subsidiary Clean Solar Power (CSP) has proposed the development, construction, operation and maintenance of a 250 MW solar farm located in Bhadla, Rajasthan. The solar farm will sell power to Solar Energy Corporation of India pursuant to a 25-year power purchase agreement, IFC stated in a disclosure.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>International Finance Corporation, a sister organisation of the World Bank, is looking to invest $43.3 million in Munjal family-promoted Hero Future Energies Global (HFE) through the debt-financing route. IFC indicated in a disclosure that the total estimated project cost is approximately $200 million, of which IFC will provide a debt-financing of $43.3 million along with mobilisation of senior loans on best effort basis. HFE\u2019s step-down subsidiary Clean Solar Power (CSP) has proposed the development, construction, operation and maintenance of a 250 MW solar farm located in Bhadla, Rajasthan. The solar farm will sell power to Solar Energy Corporation of India [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-271263","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/271263","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=271263"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/271263\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=271263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=271263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=271263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}