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IFC to acquire stake in Auro Mira Energy
23 February 2010: International Finance Corporation (IFC) is likely to pick up a minority stake in Chennai based Auro Mira Energy Company, a renewable energy focused company.
IFC has decided to pick a stake in the company with a fresh investment of $10 million (approx Rs 46 crore) into AME. Currently, AME is in the process of developing biomass, small hydro and wind power projects with a combined capacity of over 100 MW in Tamil Nadu, Karnataka, Orissa and Madhya Pradesh.
Source: Financial Express