Inox Wind’s CEO Kailash Tarachandani expressed his gratitude towards NTPC REL for receiving this 150 MW project.
The agreement, valued at Rs 2.83/kWh, underscores AGEL's commitment to renewable energy generation.
Amount raised will be used for paying back some of the existing debt.
Effective interest rate that it will pay on these bonds is 7.35%.
The money raised will be used for improving the power distribution infrastructure of Delhi.
Power consumption of the country in March was 127 billion units.
Currently, 110 KV and 220 KV lines serve Mumbai's demand of around 3,500 MW.
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