KSK Energy Ventures may raise up to Rs 1,200 crore debt to fund its wind energy projects across the country, sources close to the development said.
The company, which currently has around 71 MW wind energy projects under operation, is mulling to set up another 250 MW projects by the next wind season (May).
"The company is talking to various suppliers, including Chinese suppliers like Dongfang, Shanghai Electric in China and Suzlon in India, for the wind energy machinery. Each MW typically cost Rs 5.5 crore to Rs 6.5 crore.
Around Rs 1,500 crore is required for the total project on 80% debt and 20% equity basis. The company prefers to raise the debt though Dollar Denominated Debt," a source told PTI.
