Home » NSL raises $5 mn from IFC

NSL raises $5 mn from IFC

Power & New and Renewable Energy
June 1, 2013June 1, 2013
NSL raises $5 mn from IFC
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To support the development of wind and hydro power NSL Renewable Power (NRPPL), part of the Hyderabad-based NSL Group, has raised $5 million from International Finance Corporation (IFC) through compulsorily convertible debentures (CCDs). The money raised from IFC will enable NRPPL to double its power generation capacity over the next 18 months. IFC’s financial support and expertise in the renewable energy sector will have a strong demonstration effect and encourage other investors to invest in NSL Renewable Power.

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