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Private Sector | Chhattisgarh - India | PID: 203368
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BluPine Energy recently acquired Rs. 239 Crore in financial assistance from Tata Capital. The company plans to use these funds for a solar power project in Chhattisgarh.
BluPine Energy’s 75-megawatt project is estimated to create over 117 million units (MUs) of electricity per year. It’s expected to offset more than 107,000 tonnes of CO2 emissions, according to the report. The company is a renewable energy services firm founded in India by Actis, a global investor funding and developing sustainable infrastructure enterprises.
Tata Capital Ltd (TCL) is the Tata Group’s main financial services company and operates as a non-banking financial corporation. The company in its financial closure, shared that it secured a total debt sanction of $28.6 million for this project.
| Updated on: 07 - Sep - 2024
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