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Enercon financial closure for Rs. 500 crore project
CHENNAI:
IL&FS Investment has raised Rs. 489 crore in rupee term loan with a short span of 45 days leading to the financial closure of the projects of Enercon Windfarms (Hindustan) Pvt. Ltd. According to a release, a consortium of seven banks and institutions, led by Punjab National Bank, extended the requisite financing. The loans will be used to part finance Enercon Windfarm's 128.8 MW wind based power generation projects at Chitradurga in Karnataka (68.8 MW) and Jaisalmer in Rajasthan (60 MW). Enercon will hold 51 per cent equity in the project with the balance 49 per cent being contributed by Enercon of Germany.
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