SAEL achieves financial closure for 300 MW solar project in Andhra Pradesh
SAEL Solar MHP1 Private Limited, a special purpose vehicle (SPV) of Sukhbir Agro Energy Limited (SAEL), has achieved financial closure for a 300 MW solar project in Kurnool, Andhra Pradesh. The project is part of the 600 MW Inter-State Transmission System (ISTS)-Connected Solar Power Project (Tranche-XI) awarded by the Solar Energy Corporation of India (SECI). The SPV has secured Rs 11.27 billion (USD 132 million) in long-term debt financing. Funding includes Rs 3.76 billion (USD…