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AESL ATTAINS FINANCIAL CLOSURE FOR $1 BILLION POWER PROJECT IN MUMBAI
The Daily Guardian
|August 08, 2023
Adani Energy Solutions Limited (AESL) has announced the successful financial closure of its $1 billion green high voltage direct current (HVDC) link project. This project aims to contribute to the environmental improvement of the Mumbai Grid by supplying additional renewable power to meet the city’s growing electricity demands, the company said in its press release.
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The construction of this comprehensive 80 km project is set to commence in October of this year. The funding for this endeavour is part of the previously arranged USD 700 Million revolving project finance facility established in October 2021, specifically designated for AESL’s ongoing transmission asset portfolio.
This story is from the August 08, 2023 edition of The Daily Guardian.
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