Hindustan Power Projects Pvt. Ltd. branch for renewable energy, Hindustan Clean
Energy will be raising its fund up to $130 million. The support of this funding has to be
possible by Bank of America Merrill Lynch (BofAML) & Farallon Capital Management.
“Leaders of the company we in talk HPPPL since times & closed the deal past 3 months
ago. It was moreover discovering options to sell an even-handedness stake along with,”
said an anonymity who is not authorized to communicate with media.
One of the insiders also stated that “Mostly half of the funding will be invested towards
refinancing the existing loans over company & remaining will be utilized for developing
The speaker who represented HPPPL said that “The declare fund is for increasing
capital by expanding the capacity in the path of sustaining its existence in the field of
According to the analysis done by industrialist, PPAs (Power Purchase Agreements)
have already being signed for most of the projects which are at the commissioning
stage. The newer PPAs for the company has also being signed on special – traffic
Farallon Capital Management is a San Francisco based company who is one of the
foreign investors in India at an early age. The company in its past have also invested in
Indiabulls Real Estate. Currently, $21.5 billion assets are under company management.
HCEL which came into existence in 2008 which aimed to develop & persuade in
renewable energy projects across India & other parts of the globe. 600MW solar
capacity has being spread over Punjab, Tamil Nadu, Gujarat, Uttar Pradesh & Assam.
The thermal power plant of 1200MW at Anuppur, Madhya Pradesh was recently being
commissioned by the company.