Adani Transmission’s (ATL) USD 700 million revolving facility has been tagged as green loan by Sustainalytics.
The projects associated with the revolving facility are being implemented in the states of Gujarat and Maharashtra.
In Gujarat, these projects are part of the government’s Green Energy Corridor Projects (GEC), dedicated to the evacuation and transmission of renewable energy.
In Maharashtra the projects are conceptualised to strengthen the Mumbai’s transmission system by enhancing grid stability and providing a stable transmission network which shall promote higher share of renewable energy in the overall grid mix ensuring more penetration of green energy to the end consumers.
MUFG Bank, Ltd has acted as Green Loan Coordinator to the issuer for arranging the SPO on Green Loan Framework prepared by ATL.
