HSA Advocates Advised PTC on 66.4 MW Wind Power Project in Rajasthan and Karnataka
HSA Advocates (“HSA”) advised PTC India Financial Services Limited (“PTC”) on two separate project finance transactions.
Acting as Lender’s Legal Counsel, HSA advised PTC on the financing of a 50 MW wind based power project being set up in Betul District of Madhya Pradesh. The value of the term loan facility for this project is INR 2850 million.
HSA also advised PTC on the financing of a 2 MW solar power project being set up in Punjab. The value of the term loan facility for this project is INR 113 million.
Both transactions were led by Managing Partner, Hemant Sahai, and Associate Partner, Nilesh Chandra and Associate, Srivar Awasthi.