Oriental Green Power (OGP) ties up Rs 400 crore for six power plants - India Renewable Energy Consulting – Solar, Biomass, Wind, Cleantech
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Oriental Green Power (OGP), a renewable energy generation company promoted by Chennai-based Shriram EPC, has achieved Rs 400-crore financial closure for six bio-mass based power plants.

The company was planning to invest around Rs 1,100 crore in eight projects, of which financial closure for six projects has been achieved.

What’s interesting about the financing is that a majority of lenders are public sector banks, with the only private sector bank being Yes Bank.

OGP has set a target to set up bio-mass based power plants, with a generation capacity of 130 Mw by March 2010. The company expects about 20 per cent of its business to come from bio-mass power.


About Narasimhan Santhanam (Narsi)

Narsi, a Director at EAI, Co-founded one of India's first climate tech consulting firm in 2008.

Since then, he has assisted over 250 Indian and International firms, across many climate tech domain Solar, Bio-energy, Green hydrogen, E-Mobility, Green Chemicals.

Narsi works closely with senior and top management corporates and helps then devise strategy and go-to-market plans to benefit from the fast growing Indian Climate tech market.

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