Bhilwara Green Energy Limited (BGEL) #47098

Bhilwara Green Energy Limited (BGEL)

Bhilwara Energy Limited (“BEL” or the “Company”), an IFC investee company (IFC holds a 5.24% stake in the Company), wants to develop, own and operate a 51 MW wind farm (“the Project”), in Village Kukudwad, located in the Satara district, in the Maharashtra State in India. The Project will be built under a fixed all inclusive EPC contract with ReGen Powertech, an Indian company that designs, manufactures and installs gearless wind turbine generators using german technology licensed from Vensys AG. The project will utilize 34 ReGen Vensys 1.5 MW turbines. The Project output will be sold to the Maharashtra State Electricity Distribution Company utility under a 13 year Power Purchase Agreement (PPA). In addition, the Project will be eligible to receive Generation Based Incentives (“GBI”).