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Lanco Green Power achieves financial closure

HYDERABAD: Lanco Green Power Private Limited (LGPPL) of Lanco Group has achieved financial closure for its 70 MW Budhil hydroelectric project with the signing of loan documents with ICICI Bank, the term lender of the project. D. V. Rao, Director and CEO, executed the loan documents on behalf of LGPPL, and G. Bhaskara Rao, Vice-Chairman, Lanco Group, on behalf of the sponsors, and Neeraj Dewan, Assistant General Manager, Project Finance Group, ICICI Bank, Mumbai, on behalf of the project term lenders. Sharad Jain, Chief Manager, and Ashootosh Sharma, Project Finance, represented ICICI Bank.

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