Rake Power Announces Project Financing of $7.5 Million for Biomass Power Project in Orissa, India - Deal Analysis from GlobalData

Summary

Rake Power Limited (RPL) has announced project financing of $7.5m for setting up a biomass power project in Sundergarh, Orissa. The total estimated cost of the 23 MW biomass power project is $25m. The project will be financed by the International Finance Corporation (IFC). The loan tenure will be up to 12 years with an additional three-year grace period. 

Scope

- Scope Includes analysis of the deal rational, impact of the deal and an analysis on the companies involved in the deal

Reasons to buy

- The deal analysis provides details on deal by Rake Power to secure funding for biomass proejct and explains the drivers that led to deal closure
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