Adani Energy Solutions gets financial closure for $1 billion project

Adani Energy Solutions Limited (AESL) has announced the financial closure of its $1 billion green high voltage direct current (HVDC) link project. The project will enable ‘greening’ of the Mumbai Grid by supplying more renewable power to the city while supporting its rising electricity demand. The construction work for the 80 km multi-faceted project will begin in October 2023.
The banking consortium comprised nine international banks including DBS Bank Limited, Intesa Sanpaolo S.p.A., Mizuho Bank Limited, MUFG Bank Limited, Siemens Bank GmbH, Société Générale, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation and the Hong Kong Mortgage Corporation Limited.