Delphos worked with Dodson-Lindblom (“DLI”) on numerous occasions. The firm first acted as an advisor to DLI in 1999 by helping to raise $10 million in project financing for a 12 MW rehabilitation project in the State of Maharashtra near Mumbai, India; this was the first private hydropower project in India. In 2005, the firm helped DLI obtain an additional $27 million in senior debt from the International Finance Corporation (“IFC’) and DEG (Germany) for the development, construction and rehabilitation of a cluster of hydropower projects in India totaling more than 60 MW. In addition to the debt, the firm negotiated a $19 million equity investment from a private equity investor. The firm helped the projects qualify under the Clean Development Mechanism of the Kyoto Protocol to support the sale of Certified Emission Reductions (Carbon Credits) to an AAA-rated purchaser, which boosted revenue by more than 10%.