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Thursday, July 20, 2006

Alternative Energy Urjankur Fund

IL&FS Investment will manage the Urjankur Fund, a venture capital fund set up by Government of Maharashtra for non conventional energy generation. The fund will have a corpus of Rs 418 crore, out of which Government of Maharashtra will contribute Rs 218 crore over a period of three years and the rest will be raised from private sector.Urjankur Fund will support commercially viable alternative energy projetcs. “These projects will be developed on 80:20 debt equity ratio. If an individual sugar factory could contribute Rs 1 crore towards equity, the balance Rs 3 crore will come from the Urjankur Fund,” Maharashtra's minister for non-conventional energy, Vinay Kore, said.

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1 comment:

g.e. said...

Sir, If you don't mind that, just would like to note that it will be good to see the links as hyperlinks..