JSA acted as legal counsel to MUFG Bank, Ltd. and Crédit Agricole Corporate and Investment Bank in connection with rupee term loan facilities aggregating INR 817 crore, availed by Enren-II Energy Private Limited, a project company of Engie
The proceeds from the facility will be used to develop a 200 MW (AC) solar photovoltaic power project at GSECL’s Khavda Solar Park, located in Khavda village, Taluka Bhuj, District Kutch, Gujarat.
Advisory Team
The JSA team was led by Karan Mitroo (Partner), with support from Purvi Dabbiru (Partner), Aishwarya Dixit (Senior Associate), and Shantanu Awasthi (Associate).
Deal Significance
This transaction marks another milestone in India’s clean energy roadmap, supporting the development of one of the country’s large-scale solar PV projects. It reflects robust international investor confidence in India’s renewable energy sector and aligns with national sustainability and climate goals.
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About Engie
Engie is a global leader in low-carbon energy and services, headquartered in France. With operations in over 30 countries, the company focuses on accelerating the transition towards a carbon-neutral economy through renewable power generation, energy efficiency, and sustainable infrastructure development. In India, Engie has developed over 1.5 GW of solar and wind energy capacity.
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Disclaimer
This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions.
