CAM represented Union Bank of India in providing financial assistance in the form of a rupee term loan facility (with an inland capex letter of credit sub-limit) aggregating to INR 2,443 crore to Ananthapuram II Power Transmission Limited (ATPL), a wholly owned subsidiary of Shivalaya Transmission Private Limited (a wholly owned subsidiary of Shivalaya Construction Limited), for part financing the cost of development of a critical power transmission project being developed on a Build, Own, Operate and Transfer (BOOT) basis pursuant to a tariff-based competitive bidding process initiated by REC Power Development and Consultancy Limited (RECPDCL), for integration of the Ananthapuram-II Renewable Energy Zone (REZ) — Phase II (3 GW), in the State of Andhra Pradesh.
The transaction team was led by Meeta Kurpad, and Abhishek Khatri, Partners; with assistance from Shivangi Singh, Principal Associate; Shlok Shetty, and Ramakanth Bommakanti, Associates.
