{"id":301549,"date":"2019-11-19T11:08:59","date_gmt":"2019-11-19T05:38:59","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=301549"},"modified":"2019-11-19T11:08:59","modified_gmt":"2019-11-19T05:38:59","slug":"greener-plans-tata-cleantech-plans-infrastructure-debt-aifs","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/greener-plans-tata-cleantech-plans-infrastructure-debt-aifs\/","title":{"rendered":"Greener plans: Tata Cleantech plans infrastructure debt, AIFs"},"content":{"rendered":"<p>Tata Cleantech Capital, a joint venture between Tata Capital and International Finance Corporation (Washington) and World Bank Group, is planning to start a debt and alternative investment fund (AIF) to finance renewable energy projects in the country. Tata Cleantech is in talks with investors to start a infrastructure fund with an initial equity capital of Rs 300 crore and an AIF with an initial capital of Rs 700 crore ($100 million).<\/p>\n<p>Tata Cleantech Capital\u2019s managing director Manish Chourasia told FE, \u201cWe will leverage the debt fund by 6-7 times to Rs 2,100-Rs 2,500-crore size over the next three years. The fund will be used for financing green energy projects in solar (ground-mounted &amp; rooftop projects) and wind energy projects. We expect the shareholder agreement to be signed in the next 5-6 months.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Cleantech Capital, a joint venture between Tata Capital and International Finance Corporation (Washington) and World Bank Group, is planning to start a debt and alternative investment fund (AIF) to finance renewable energy projects in the country. Tata Cleantech is in talks with investors to start a infrastructure fund with an initial equity capital of Rs 300 crore and an AIF with an initial capital of Rs 700 crore ($100 million). Tata Cleantech Capital\u2019s managing director Manish Chourasia told FE, \u201cWe will leverage the debt fund by 6-7 times to Rs 2,100-Rs 2,500-crore size over the next three years. The [&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-301549","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\/301549","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=301549"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/301549\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=301549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=301549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=301549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}