The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has committed about US$49M of loan and equity financing to India’s AD Hydro Power Limited.

The power plant will utilise the perennial flows of the Allain and Duhangan rivers and combine the flows through two underground headrace tunnels to feed a single powerhouse near Prini village. The estimated construction period is about four years and the total cost is approximately US$195M.

The project sponsor is Malana Power Corporation Ltd, which is owned 51% by the LNJ Bhilwara group and 49% by Statkraft Norfund Power Invest AS of Norway (SN Power).