GS Power puts wind in NSL sails

May 4, 2013 • Katherine Steiner-Dicks

South Korea-based power company GS Power has made a direct investment into India-based renewable energy company NSL Renewable Power.

South Korea-based power company GS Power has joined a consortium investing $60m investment in NSL Renewable Power, part of the eponymous India-based commodities company.

Development finance institutions DEG (Deutsche Investitions- und Entwicklungsgesellschaft) from Germany and Proparco from France and Asia Clean Energy, a private equity fund from South Korea, invested alongside GS Power.

Existing investors in the company, International Finance Corporation, part of the World Bank, and private investment firm FE Global Clean Energy also participated in this round of…

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