Fourth Partner Energy raises $275 million from IFC-ADB-DEG consortium
HYDERABAD: Renewable energy player Fourth Partner Energy Limited (FPEL) has raised $275 million (approx. Rs 2280 crore) from a consortium comprising International Finance Corporation (IFC), Asian Development Bank (ADB) and DEG (Deutsche Investitions und Entwicklungsgesellschaft mbH).While the World Bank Group’s IFC is investing $125 million, ADB will be infusing $100 million and Germany’s DEG will…