Welspun Energy achives finacial closure for Mindshare Solar Power Project

Welspun Energy, has tied up funds for its 130 megawatt (MW) solar project in Madhya Pradesh.

The company has arranged Rs 885 crore from a banking consortium led by the Central Bank of India. The project located in Mindshare district of Madhya Pradesh will start generating power by May 2014.

The 130 MW project is the largest solar project in the country.

Welspun Energy Ltd (WEL), which outbid 12 others to get the project, had agreed to sell power at Rs 8.05 per unit.