Kochhar & Co. Represents Power Finance Corporation Ltd. In An INR 1,013.38 Crores Financing Deal For One Of Entities Promoted By Vibrant Group
Kochhar & Co. acted for and advised Power Finance Corporation Limited (PFC) in connection with financial assistance totalling INR 1,013.38 Crores to one of entities promoted by Vibrant Energy Holdings PTE. LTD., a subsidiary of Macquarie Asset Management's Green Investment Group, for its wind-solar hybrid project with an aggregate capacity of 209.4 MW/259.8 MWp (comprising a wind project with a capacity of 104.4 MW and a solar project with a capacity of 105 MW/155.4 MWp) located in Karnataka (“Project”).
The Project is considered one of the largest wind-solar hybrid corporate power purchase agreements (PPA) by a technology company in India, and the deal stands as one of the largest project financing deals in India's renewables sector this year.
The Transaction was led by Kochhar Delhi, Projects and Finance Partner, Ms. Parul Verma, and supported by Senior Associate, Mr. Swapnil Sant, and Associate, Mr. Harshil Kakkar.