Kochhar & Co. Represents Power Finance Corporation Ltd. In An INR 1,013.38 Crores Financing Deal For One Of Entities Promoted By Vibrant Group

Kochhar & Co. acted for and advised Power Finance Corporation Limited (PFC) in connection with financial assistance totalling INR 1,013.38 Crores to one of entities promoted by Vibrant Energy Holdings PTE. LTD., a subsidiary of Macquarie Asset Management's Green Investment Group, for its wind-solar hybrid project with an aggregate capacity of 209.4 MW/259.8 MWp (comprising a wind project with a capacity of 104.4 MW and a solar project with a capacity of 105 MW/155.4 MWp) located in Karnataka (“Project”).

The Project is considered one of the largest wind-solar hybrid corporate power purchase agreements (PPA) by a technology company in India, and the deal stands as one of the largest project financing deals in India's renewables sector this year.