VEH Green Energy Private Limited, a subsidiary of Clean Max Enviro Energy Solutions Limited, has availed external commercial borrowing, along with letter of credit and standby letter of credit facilities, aggregating to $174 million, from a consortium of banks comprising DBS Bank, HSBC and Credit Agricole Corporate and Investment Bank.

JSA Advocates & Solicitors advised VEH Green Energy on this transaction.

The transaction team consisted of Karan Mitroo (Partner), Kartikeya Dubey (Partner) and Aditya Bhayal (Senior Associate).

The funds will be deployed 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.

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