Delhi-based Welspun says it has pinned down 650m rupees ($10.9m) for the project, three-quarters of it debt, from “leading financial institutions”.

Ground works have already commenced at the project, in the southern Karnataka district of Chitradurga, with the developer planning to commission the array “well before” the March 2014 deadline stipulated in its power purchase agreement with Mangalore Electricity Supply Company.

The