Adani Energy Secures $1 Billion Funding For Mumbai Green Energy Project
NDTV
The green HVDC link project will enable further "greening" of the Mumbai Grid by supplying more renewable power to the city.
Adani Energy Solutions Limited (AESL) on Monday announced it was successful in the financial closure for its $1 billion green HVDC (high-voltage direct current) link project, which will enable further "greening" of the Mumbai Grid by supplying more renewable power to the city.
"This link is the need of the hour for the city and will support its growth aspirations. It showcases our commitment to offering Mumbai a brighter and greener future. The project will help accelerate the city's decarbonization and its net zero journey," said Anil Sardana, Managing Director, AESL.
The credit facility is part of the $700 million revolving project finance facility tied up in October 2021 for its under-construction transmission assets portfolio, the company said in a release.