ADB will invest $40 million to take a 25% stake in the company, along with India's NTPC Ltd (50%) and Japan's Kyushu Electric Power Company (25%). The bank aims to invest $2 billion a year in renewable-energy and energy-efficiency projects in Asia and the Pacific.

We hope this company will also provide an example to other foreign investors looking at India's renewable energy sector -- Michael Barrow, director, Private Sector Operations Department (PSOD), ADB