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Lakshmi Energy & Foods to augment biomass (Rice Husk) capacity from 30MW to 105MW

Lakshmi Energy and Foods Ltd. (LEF),  is one of the largest food grain processing companies in India. The company is among India’s largest producers of non basmati varieties of rice with a turnover of over 5.5 billion rupees. The company today boasts of as the fastest growing food companies in India. LEF, being a large mill has integrated facilities for rice bran oil. Lakshmi Energy and Foods Ltd. (LEF) has taken a step towards creation of energy hubs at different ... Read More »

Power Finance Corporation (PFC) of India to form subsidiary to focus on renewable energy projects

PFC was set up in July 1986 as a Financial Institution (FI) dedicated to Power Sector financing and committed to the integrated development of the power and associated sectors. PFC occupies a niche position as a provider of finance exclusively focused on the Indian power sector. PFC is Rated Baa3/BBB-/BBB- by Moody’s,S&P and Fitch respectively; ratings are at par with Indian sovereign rating. The Corporation was registered as a Non Banking Financial Company by RBI and has been conferred with ... Read More »

US OPIC provides $100 mn for $300 mn South Asia Energy Fund of Global Environment Fund (GEF)

The Global Environment Fund (GEF) is a private equity fund, that  invests in businesses dedicated to clean technology, emerging markets, and sustainable forestry, with approximately $1 billion in aggregate capital under management.  The GEF has a $300-million South Asia Energy Fund for which the US Overseas Private Investment Corporation (OPIC) will provide $100 million in financing. The South Asia Energy Fund will invest in solar, wind, hydropower, advanced biofuels and natural gas projects, with focus on India. It is glad ... Read More »

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