Welspun Energy achieves financial closure for Jaisalmer project

Welspun Energy has achieved financial closure of its 20 MW wind power project at Jaisalmer,' the company said in a statement.

The company has received a sanction exceeding Rs 120 crore as against a debt requirement of Rs 88 crore,' it said.

The entire project cost has been funded on a 75:25 debt- equity ratio.

Welspun Energy Solar Rajasthan, a fully owned subsidiary of the company had signed a Power Purchase Agreement (PPA) with the Rajasthan Renewable Energy Corporation.