; Beta Wind Farm Completes Project Financing for Wind Power Project in Andhra Pradesh, Gujarat and Tamilnadu - Deal Analysis from GlobalData
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Beta Wind Farm Completes Project Financing for Wind Power Project in Andhra Pradesh, Gujarat and Tamilnadu - Deal Analysis from GlobalData

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Beta Wind Farm Pvt Ltd. (BWFPL), a subsidiary of Orient Green Power Company Ltd. (OGPCL), has completed project financing for the construction of wind power projects in Andhra Pradesh, Gujarat and Tamilnadu. The company has secured financing through two different deals and Axis Bank Limited has played a role of lead bank in both the deals. The financing of $106.8m (INR5, 360m) is being availed for the development of 144 MW of wind projects in Andhra Pradesh and Gujarat over the next 10 years from a consortium of banks. Further financing of $141m has been secured through a term loan from an undisclosed consortium of 10 bankers for the installllationed capacity of 156 MW of planned wind projects in Tamilnadu. The financing includes $111m (INR5, 570.8) with a maturity of 11 years and $30m (INR1, 505.6) with a maturity of seven years.

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									        Beta Wind Farm Completes Project Financing for Wind Power
          Project in Andhra Pradesh, Gujarat and Tamilnadu - Deal
                         Analysis from GlobalData
        Reference Code: GDAE0124M&A                                                                                                                  Publication Date: February 2012


        1         Table of Contents
        1 Table of Contents.................................................................1
         1.1 List of Tables .................................................................1
        2 Summary .............................................................................2
        3 Beta Wind Farm Completes Project Financing for Wind
          Power Project in Andhra Pradesh, Gujarat and Tamilnadu..2
         3.1 Deal Overview ...............................................................2
         3.2 Deal in Brief ...................................................................2
         3.3 Rationale behind the Investment ...................................2
         3.4 Comparable Deals.........................................................2
         3.5 Key Drivers of the Deal .................................................2
           3.5.1    Investors’ Growing Interest in the Indian Wind
                    Sector ...................................................................2
           3.5.2    BWFPL: Created to Look After Wind Resource
                    Development at Utility Scale ................................3
           3.5.3    Acquisition of Potential Sites in States Favorable
                    to Renewable Energy Development .....................3
         3.6 Company Overviews .....................................................3
           3.6.1    Beta Wind Farm Pvt Ltd. (BWFPL) ......................3
           3.6.2    Orient Green Power Company Limited (OGPL) ...3
           3.6.3    Axis Bank Limited.................................................3
        4 Appendix ..............................................................................4
         4.1 Abbreviations.................................................................4
         4.2 Methodology ..................................................................4
           4.2.1    Coverage..............................................................4
           4.2.2    Secondary Research ............................................4
           4.2.3    Primary Research ................................................4
           4.2.4    Modeling and Forecasting ....................................4
         4.3 Contact Us.....................................................................4
         4.4 Disclaimer......................................................................5



        1.1       List of Tables
        Table 1:       Renewable Power Market, India, Comparable Deals
                       .................................................................................2
        Table 2:       Abbreviations ............................................................4




                                                                                                                                                         GDAE0124M&A /Published FEB 2012
Beta Wind Farm Completes Project Financing for Wind Power Project in
                                                                                                                                                                                          Page 1
Andhra Pradesh, Gujarat and Tamilnadu
                                                                                                            © GlobalData. This report is a licensed product and is not to be copied, reproduced,
                                                                                                                                                                    shared or resold in any form
                                                                             3.3      Rationale behind the Investment
        2       Summary                                                      The BWFPL has 300 MW wind capacity installation plans in
                                                                             Andhra, Tamilnadu and Gujrat. It has split its wind farm
        Beta Wind Farm Pvt Ltd. (BWFPL), a subsidiary of Orient
                                                                             development plan in two phases. In phase I, 156 MW of the
        Green Power Company Ltd. (OGPCL), has completed project
                                                                             wind project will be implemented in Tamilnadu. In phase II, the
        financing for the construction of wind power projects in Andhra
                                                                             wind projects with the capacity of 144 MW will be implemented
        Pradesh, Gujarat and Tamilnadu. The company has secured
                                                                             in in Andhra Pradesh and Gujarat. The BWFPL has secured
        financing through two different deals and Axis Bank Limited has
                                                                             financing for both of the phases. The financing of $141m (INR7,
        played a role of lead bank in both the deals. The financing of
                                                                             076.4) of is part of the phase I development plan while the
        $106.8m (INR5, 360m) is being availed for the development of
                                                                             financing of $106.8m (INR5, 360m) is a part of the company’s
        144 MW of wind projects in Andhra Pradesh and Gujarat over
                                                                    
								
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