Ashim Ranu and Sanchita Deshmukh with CEO Nathan Scott, DFC & PRESPL Leaders

Mumbai, 19th October –Yesterday US International Development Finance Corporation (DFC) CEO Scott Nathan signed a commitment letter in India with Punjab Renewable Energy Systems Private Limited (PRESPL) for an USD 10 Million portfolio guaranty that will support construction of seven biomass plants – sourcing materials from farmers, reducing pollution and helping meet the country’s energy needs.

Intellecap was the exclusive and sole transaction advisor for this transaction. Ashim Ranu and Sanchita Deshmukh from Intellecap Investment Banking team was at the signing in ceremony.

DFC CEO Nathan Scott and Lt. Col Monish Ahuja, PRESL at the signing in ceremony

U.S. International Development Finance Corporation (DFC) CEO Scott Nathan traveled to Mumbai, India, where he engaged with private sector leaders advancing strategic social and economic development in India and the Indo-Pacific region. In Mumbai, CEO Nathan met with private sector companies that are advancing health outcomes, providing financial access to women, and developing innovative solutions to drive climate-friendly energy sources.

CEO Nathan met with private sector leaders at an event hosted by the U.S. India Strategic Partnership Forum, where he discussed DFC’s investment priorities in the country as well as opportunities to partner with the private sector. He also joined leadership from private equity funds to learn about India’s innovative impact funds and new equity investment opportunities.

In a ceremonial signing event, CEO Nathan highlighted DFC’s $10 million guaranty of a Rupee loan to Punjab Renewable Energy Systems Private Limited (PRESPL), a biomass supply chain management company in India. DFC financing will fund construction of seven biomass briquetting plants and finance working capital needs of PRESPL, helping to meet India’s growing energy needs.

To read the official Press Release by DFC – Click Here