Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • India
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Netherlands Development Finance Company (FMO)
Bank Risk Rating: A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2015-11-19
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: Usher Eco Power Ltd
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Energy
  • Industry and Trade
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 14.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD): $ 28.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

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Primary Source

Original disclosure @ FMO website
Updated in EWS: 2017-12-12
USHER ECO POWER LIMITED
FMO-45042

Project Description
This project funds a commercial sale silica extraction plant for production of precipitated silica from rice husk ash. It will set up the silica extraction plant and expand Usher Eco's rice husk based waste-to-energy facility from 16 MW to 34 MW.
Investment Description
This project is funded by: FMO: USD 14 million Deutsche Investitions-und Entwicklungsgesellschaft: US 14 million
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