Untitled Document

India's 100-MW Tidong hydel project receives IFC investment

Tidong Hydel Project

Green energy producer NSL Renewable Power has received US$5 million in financing from the International Finance Corporation (IFC) that will be used in part to fund its 100-MW Tidong hydroelectric project, Indian sources report.

IFC, an affiliate of the World Bank, said the investment will address both power supply issues and climate change mitigation.

"IFC's support to NSL Renewable Power will also help the company benchmark its environmental and social standards to global best practices," Thomas Davenport, IFC's director for south Asia, said in a release.

HydroWorld.com reported earlier this month that the Tidong hydropower plant had received a $30 million investment from the Asian Development Bank (ADB).

The Tidong plant will be located in India's northern Himachal Pradesh state. HydroWorld.com reported in July 2011 that Alstom India had signed a contract with NSL Tidong Power Generation Pvt. Ltd. to supply two 50 MW turbine units for the project.

For more news from India, click here.

Related Articles

HydroWorld Premium Content offers daily business opportunities for hydro sector professionals

PennWell's Hydro Group is proud to offer daily business opportunities for hydroelectric powe...

Salini Impregilo inks US$575 million EPC contract for Georgian 280-MW Nenskra hydroelectric project

Salini Impregilo announced it has signed a US$575 million engineering, procurement and const...

U.S. agency seeks bids to review fisheries, flow studies of 600-MW Susitna-Watana hydro project

The National Marine Fisheries Service seeks bids to help review fisheries and flow studies f...

JSW Energy refinances US$1.1 billion in hydroelectric project debt

JSW Energy Ltd., based in Mumbai, India, is refinancing about US$1.1 billion via a 5:25 fina...

Recent Comments

Hydro Slideshows

more slideshows >>  

Hydro Whitepapers

Industry News

Editor's Picks

Volume 34, Issue 6
Volume 23, Issue 4

Buyers Guide Products

Buyers Guide Companies