Date:27/08/2005 URL: http://www.thehindubusinessline.com/2005/08/27/stories/2005082702330202.htm

Back Funding Enercon project

Our Bureau

MUMBAI: IL&FS Investmart has raised Rs 488.6-crore term loan for a wind farm project of Enercon India.

A consortium of seven banks and institutions led by Punjab National Bank extended the requisite financing, IL&FS Investmart said in a release on Thursday.

The loan will be issued to part-finance Enercon Windfarms (Hindustan), promoted by Enercon India and Enercon GmbH Germany, wind-based power projects at Chitradurga (Karnataka) for 68.8 MW and Jaisalmer (Rajasthan) for 60 MW.