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1112 FINANCING PV GROWTH<br />

Phone: 94 1 440366<br />

Fax: 94 1 440376<br />

IREDA (India)<br />

The financing arm of Ministry of Nonconventional Energy Sources (MNES), Govt. of<br />

India, is the principal organization in India, offering a range of services in the renewable<br />

energy sector.<br />

Contact: Dr. V. Bakthavatsalam, Managing Director<br />

Address: IREDA-Indian Renewable Energy Development Agency Ltd.,<br />

Core-4A, East Court, 1st floor, India Habitat Center, Lodi Road<br />

New Delhi – 110 003 India<br />

Phone: 91-11-460-1344/66<br />

Fax: 91-11-460-2855.<br />

E-mail: gen@ireda1.globemail.com<br />

Grameen Shakti (Bangladesh)<br />

Grameen Shakti (GS) is a not-for-profit rural power company whose purpose is to supply<br />

renewable energy to unelectrified villages in Bangladesh.<br />

Country: Bangladesh<br />

Contact: Mr. Dipal Chandra Barua, Managing Director<br />

E-mail: g − shakti@grameen.net<br />

IT Power India Pvt. Ltd.<br />

A leading renewable energy consultancy with specialist skills in financing of PV projects.<br />

ITPI is the local partner organization for PVMTI. In addition, ITPI assists the Indian<br />

PV industry develop financing proposals to IREDA. ITPI has been involved in over 50<br />

renewable energy projects in 17 countries. Areas of interest include financing, business<br />

packaging, and technical advisory services.<br />

Contacts: Terence J. Hart and Binu K. Parthan<br />

Company: IT Power Pvt Ltd<br />

Address: #6, Rue Romain Roland<br />

Pondicherry, India<br />

Phone: 91-413-342488/227811<br />

Fax: 91-413-340723<br />

E-mail: itpi@itpi.co.in<br />

Web site: www.itpi.co.in<br />

Malaprabha Grameena Bank (India)<br />

A public sector bank, it offers loans up to Rs. 25 000, repayment up to 5 years, @ 12.5%<br />

p.a.(PRIORITY SECTOR LENDING RATE), for purchase of solar home systems in India,<br />

through its branch network. The loan sanctioning authority rests with the branch managers.

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