Bid & Tender

News

Avaada Energy Wins Rs 3.15bn Finance for Captive Solar Project in Karnataka

Avaada Group's arm Avaada Energy said it has secured Rs 3.15 billion financing from Aseem Infrastructure Finance for a captive solar project in Karnataka.

 

Aseem Infrastructure Finance Ltd (AIFL) is an IFC (Infrastructure Finance Company) established with the aim of playing a transformative role in the growth of Indian infrastructure debt financing, according to a company statement.

 

Avaada Energy, a leading player in the renewable energy sector, has secured financing for its solar PV power project, which is being developed under a long-term captive Power Purchase Agreement (PPA) with the Karnataka Cooperative Milk Producers' Federation Ltd (KMF), the statement said.

 

The project is located in the Kalaburagi district of Karnataka. KMF, the apex body for the dairy cooperative movement in Karnataka, is rated A+ (Stable) by ICRA.

BACK

Related News