TT&A is assisting ADB in its proposed subscription to unlisted, secured, unrated, redeemable, transferable and interest bearing non-convertible debentures, in two tranches, for an amount not exceeding INR 1,219,000,000 (“Debentures”) to be issued by FPEL Mitra Private Limited (“Issuer”) on a private placement basis, for financing the development of a captive solar power plant in Tamil Nadu, India.

This is ADB’s first direct financing to a renewable energy plant of this nature.

TT&A team: Ambarish Mohanty & Akshay Malhotra – Partners; and Pratha Agarwal & Kush Saggi – Managing Associates