The two investors are Germany’s state-owned development organisation Deutsche Investitions- und Entwicklungsgesellschaft (DEG) and French development organisation Proparco, in which DEG holds a 1% stake.
BPCL will use the funds towards building the 17 turbine wind farm, as well as 12 kilometres of high voltage power lines to connect it to the transmission grid, in the Karnataka region in the south of India.
Explaining its role in the the investment, a DEG spokesman said: "Reliable energy supply is a vital prerequisite for the economic growth in emerging markets and developing countries." The company points out that demand for electricity in the region currently exceeds supply by 3,500MW.
BPCL has three other wind stations with a total capacity of 11.3MW. Six Suzlon 350kW machines with together 2.1MW were commissioned at a site in the district of Jaisalmer in the state of Rajasthan in April 2003.
Four Vestas 500kW turbines totalling 2MW went online in the district of Chitradurga, in the state of Karnataka in March 2005 and nine Enercon 800kW turbines with a total 7.2MW went into operation in the district of Gadag, also in Karnataka, in September 2007.