JSA Advocates & Solicitors advised VEH Green Energy Private Limited (“VEH Green Energy”), a subsidiary of Clean Max Enviro Energy Solutions Limited, in relation to external commercial borrowing, along with letter of credit and standby letter of credit facilities, availed from a consortium of banks comprising DBS Bank Limited, The Hongkong and Shanghai Banking Corporation Limited and Credit Agricole Corporate and Investment Bank.
The facilities were availed for the construction and operation of a 155 MW (AC) hybrid renewable power project in the state of Karnataka, India, comprising 155 MW (AC) wind and 79.20 MW (DC) solar power capacity. The total value of the transaction was approximately US$174 million.
The JSA team comprised Karan Mitroo, Partner, Kartikeya Dubey, Partner and Aditya Bhayal, Senior Associate.
Karan brings nearly 17 years of extensive experience in foreign and domestic debt financing in India. He advises leading clients across sectors such as renewables, infrastructure, real estate, healthcare, and hospitality.