Renewable energy firm Bhoruka Power in talks to raise $120 million

Clean energy firm Bhoruka Power Corporation Limited is planning to raise equity investment of $120 million to increase renewable energy capacity to 1 GW by 2020. It is in talks with private equity investors and infrastructure funds for the investment. Currently, the company operates 110 MW of hydropower capacity, 170 MW of wind capacity and 30 MW of solar capacity in Karnataka, Rajasthan and Haryana respectively, and is building a 200 MW wind farm in Karnataka.