PROJECT

Projects

Summary of Investment Information

Project Number

33351

Company Name

LNJ POWER VENTURES LIMITED

Date SPI Disclosed

Jan 25, 2013

Country

India

Region

South Asia

Projected Board Date

Feb 28, 2013

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Dec 17, 2023

Department

Regional Industry - INF Asia & Pac

Industry

Infrastructure

Previous Events

Approved : Mar 20, 2013
Signed : Mar 22, 2013
Invested : May 8, 2013

Sector

Wind Power - Renewable Energy Generation

Project Description

LNJ Power Ventures Limited (the “Company”) is a project SPV established by Bhilwara Energy Limited (“BEL”) to develop and own a 20MW wind power project in Jaisalmer, Rajasthan, under the Group Captive Scheme in India (the “Project”). The Company will be owned 74% by BEL (or a wholly-owned subsidiary of BEL) and 26% by RSWM Ltd. (“RSWM”).

RSWM is the flagship company for yarn and textiles manufacturing business of the LNJ Bhilwara Group. It operates several manufacturing facilities in Rajasthan. RSWM generates the majority of its electricity requirement through captive projects. This Project will enable RSWM to increase renewable energy consumption for its activities. The entire power generated by the Project is expected to be utilized by facilities owned by RSWM.

The Project is expected to be commissioned by March 31, 2013.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation