PROJECT

Projects

Summary of Investment Information

Project Number

37086

Company Name

OSTRO ANDHRA WIND PRIVATE LIMITED

Date SPI Disclosed

Feb 5, 2016

Country

India

Region

South Asia

Projected Board Date

Mar 10, 2016

Environmental Category

B - Limited

Status

Active

Last Updated Date

Nov 30, 2016

Department

Regional Industry - INF Asia & Pac

Industry

Infrastructure

Previous Events

Approved : Apr 15, 2016
Signed : May 6, 2016
Invested : Nov 17, 2016

Sector

Wind Power - Renewable Energy Generation

Project Description

The Project involves development of two wind farms with a combined capacity of 197.4 MW in the state of Andhra Pradesh in India by Ostro Energy Private Limited (“Ostro” or the “Sponsor”) through its two wholly owned subsidiaries, Ostro Andhra Wind Private Limited and Ostro AP Wind Private Limited (the “Companies”). Ostro has about 76MW capacity under operation in the state of Rajasthan and 325MW of projects under construction in Rajasthan, Madhya Pradesh and Andhra Pradesh.

The Companies plan to enter into a turnkey contract with Suzlon Energy Limited (“Suzlon”) for acquisition of land, supply of wind turbine generators, Erection and Commissioning for the Project.

The off taker for the Project will be Southern Power Distribution Company of Andhra Pradesh Limited, a state owned utility.

Associated Advisory Engagement

N/A

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation