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Mytrah Wind and Solar Power Development Project

Sector: Automotive • Location: India

Source: Asian Development Bank (ADB)

Project

ADB is proposing to provide a direct loan facility of up to $175 million to a portfolio of special purpose vehicles (SPVs) owned by Mytrah Energy (India) Ltd. (MEIL). ADB's facility will be structured such that a separate loan will be provided to each project SPV on a project finance (limited recourse) basis. The Transaction being financed comprises 476MW of wind projects in four SPVs in Rajasthan

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The project “Mytrah Wind and Solar Power Development Project” is an infrastructure initiative in the Automotive sector, located in India. Taiyo aggregates data on it from Asian Development Bank (ADB).

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Description

Description

ADB is proposing to provide a direct loan facility of up to $175 million to a portfolio of special purpose vehicles (SPVs) owned by Mytrah Energy (India) Ltd. (MEIL). ADB's facility will be structured such that a separate loan will be provided to each project SPV on a project finance (limited recourse) basis. The Transaction being financed comprises 476MW of wind projects in four SPVs in Rajasthan, Madhya Pradesh, Andhra Pradesh and Karnataka and 100MW of solar projects in two SPVs in Telangana and Punjab.The six SPVs are:I.Mytrah Vayu (Som) Pvt. Ltd. Nidhi (90.1MW) and Nipaniya (50MW) wind power projectsII.Mytrah Vayu (Tungabhadra) Pvt. Ltd. Aspiri (200.7MW) wind power projectIII.Mytrah Vayu (Ravalpalli) Pvt. Ltd. Ravalpalli (59.8 MW) wind power projectIV.Mytrah Vayu (Savalsang II) Pvt. Ltd. - Savalsang (75.6MW) wind power projectV.Mytrah Aakash Power Private Limited - KM Pally (50MW) solar power projectVI.Mytrah Aadhya Power Private Limited - Mansa (50MW) solar power project

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100%

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