Adani Power looks to refinance existing loans to reduce cost of debt

Adani Power expects to reduce its annual interest cost to Rs 1,900 crore through low-cost funding

Private power producer Adani Power looks to refinance existing loans to reduce the cost of debt, the company has informed analysts. It is likely to explore international wholesale banking options. 

Top officials from the Gautam Adani-promoted group’s three energy companies — Adani Power, Adani Transmission, and Adani Green — on Thursday met power sector analysts in Ahmedabad, where details of the power company’s debt refinancing were shared. An email query sent to Adani Power on Friday remained unanswered.

“It plans to refinance its existing debt with low-cost international wholesale banking,” said an analyst who attended the meet.  

Adani Power expects to reduce its