CAM acted as legal advisers to EXIM Bank in relation to financing of 14 renewable energy assets—comprising 11 solar power projects and 3 compressed biogas (CBG) plants (located across India) of HPCL Renewable & Green Energy Limited (HPRGE)—a wholly owned subsidiary of Hindustan Petroleum Corporation Limited.
This deal marks financial closure of Phase 1 of HPCL’s green energy initiative, which is currently focused on captive usage for HPCL’s group companies.
The transaction was led by Amey Pathak, Partner (Head – Banking); and Arkoday Roy, Partner; with support from Abha Mehta, Principal Associate; Karn Taneja, Associate; and Pranay Bhattacharya, Associate.
