Welspun raises $161m for 130MW Indian PV plant

The plant – which Welspun isbilling as India’s biggest PV project to date – is due to be commissioned inMay 2014.

Welspun secured long-termproject funding of 8.85bn rupees ($161m) to build the plant, via a consortiumled by Central Bank of India.

The developer won the projectin a reverse auction run by the state last year, when it was the second-lowestbidder with a tariff of 8.05