Avaada Energy’s Renewables Growth Plan Gets ₹10 billion Boost from ADB, DEG and, FMO

Avaada Energy aims to use the funding to execute a 2 GW portfolio of renewable energy projects which are currently under implementation

April 9, 2019

/ shaurya

/ Finance and M&A, Solar,

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Independent power producer (IPP), Avaada Energy, has announced that it has secured financing of around ₹10 billion ($143.8 million) in the form of equity infusion from the Asian Development Bank (ADB), German development bank – DEG, Dutch development finance company- FMO, and promoters’ equity.

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Avaada Energy’s Renewables Growth Plan Gets ₹10 billion Boost from ADB, DEG and, FMO

Continue Reading with Premium Access

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