Brief Description: The Firm advised REC Limited in relation to the financial assistance of USD 729 million (approximately) sanctioned to the Borrower for erection of 1440 MW Standalone Pumped Storage Project.

Deal Value: USD 729 million

Firm’s Role: Acted for and advised REC Limited as the Lenders’ Legal Counsel in connection with financial assistance sanctioned to Greenko MP01 IREP Private Limited aggregating up to USD 729 million (approximately) (INR 6075.16 Crore) for the purpose of implementation of a 1440 MW/10397 MWH MP30 Gandhisagar standalone pumped storage project, along with related evacuation infrastructure, at District Neemuch, in the State of Madhya Pradesh.

Team Involved: Partner, Girish Rawat and Varun Chauhan (Managing Associate), Himanshi Bhadoria (Senior Associate); Abhinav Singh and Ishita Bajaj (Associates)