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By continuing its partnership with the Indian financial company SEFL, PROPARCO is providing long-term support for financing renewable energy or energy efficiency projects in India.
Client presentation

SEFL is the leader in India for financing construction equipment with some 60,000 client sites. This non-bank financial company is wholly-owned by Srei Infrastructure Finance Limited (SIFL) to which PROPARCO allocated a USD 20m loan in 2010 for renewable energy projects. The loan reached maturity in October 2017.

Project description

This EUR 27m senior credit line to Srei Equipment Finance Ltd (SEFL) will be earmarked to finance renewable energy projects for a 9-year period. 

Project impact

PROPARCO’s financing will:

  • Help meet strong electricity demand in India and support renewable energy development, while a third of the country’s population does not have access to electricity;
  • Contribute to creating and maintaining employment: the project should be able to create or maintain 6,000 indirect jobs.
Date of signature of the project
Financing tool
27 000 000 Euros
Amount of funding
Loan of EUR 25m
Financing details
srei equipment finance limited