Renewable energy company ReNew Power Ventures has raised around $ 50 million to refinance the debt of its 100 MW Amba ##pur power project in Madhya Pradesh , two sources familiar with the matter said . The recently commissioned project has become cash flow positive , which enabled the New Delhi - based company to refinance its debt and reduce the interest cost being paid by the company , a source said . Overseas Private Investment Corp. It also raised $475 million through masala bonds earlier this year. Yes Bank backed ReNew as part of its commitment to finance 1 GW of green projects from 2015 to 2020 .
Renewable energy company ReNew Power Ventures has raised around $ 50 million to refinance the debt of its 100 MW Amba ##pur power project in Madhya Pradesh , two sources familiar with the matter said . The recently commissioned project has become cash flow positive , which enabled the New Delhi - based company to refinance its debt and reduce the interest cost being paid by the company , a source said . Yes Bank backed ReNew as part of its commitment to finance 1 GW of green projects from 2015 to 2020 .