Mahindra Renewables achieves financial closure for 250 mw Rewa solar plant

Yes Bank extends Rs 7.5 bn loan; project is part of 750-Mw Rewa solar park, one of the largest in the world

Mahindra Renewables Pvt Ltd, a wholly owned subsidiary of Mahindra Susten Pvt Ltd, has achieved financial closure for its 250 Mw Solar Power Project, in Rewa, Madhya Pradesh. The project received financial assistance in the form of a project debt of Rs 7.5 billion from YES Bank Ltd and Rs 2 billion from other financial institutions, said the company in a public statement.

The project is part of the 750-Mw Rewa solar park, which is one of the largest in the world. The 250 Mw project is expected to generate over 525 million units, 78 per cent of which will be