Hero Future Energies on Monday said it has secured Rs 1,908 crore in funding from public lenders State Bank of India and Canara Bank.
These funds will be utilised for the development and construction of a 120 MW renewable hybrid project at Kurnool in Andhra Pradesh, the company said in a statement.
The company has secured funding of Rs 1,908 crore from the State Bank of India (lead) and Canara Bank through SPV Clean Renewable Energy Hybrid Three Private Limited.
The project is contracted with SJVN and integrates wind, solar, and storage technologies to deliver reliable peak power.
With a repayment period of 21 years, the funding will ensure timely project execution and commencement of commercial operation, the company said.
These funds will be utilised for the development and construction of a 120 MW renewable hybrid project at Kurnool in Andhra Pradesh, the company said in a statement.
The company has secured funding of Rs 1,908 crore from the State Bank of India (lead) and Canara Bank through SPV Clean Renewable Energy Hybrid Three Private Limited.
The project is contracted with SJVN and integrates wind, solar, and storage technologies to deliver reliable peak power.
With a repayment period of 21 years, the funding will ensure timely project execution and commencement of commercial operation, the company said.
You may also like
Vote for children's future; aim to make Bihar among top 10 in a decade: Prashant Kishor
Victim's clever move led cops to gang suspected of sending 40,000 stolen UK phones to China
BJP, Congress leaders condemn attack on CJI BR Gavai; call it an assault on judiciary and Constitution
Attack on CJI Gavai: Political leaders unite in condemnation; PM Modi terms act as 'reprehensible'
ITV Frauds viewers say 'I want it to be wrong' as they predict major twist
