The Karot Power Company has raised a US$1.39bn loan to fund the development the US$1.7bn 720MW Karot hydropower plant, the second largest so far in Pakistan after the 870MW Suki Kinari hydropower.
A consortium comprising SK Hydro of South Korea, Aljomaih Holding Co of Saudi Arabia, Eden of Malaysia and China Gezhouba Group has raised US$1.45bn of debt to finance the development of the 870MW Suki Kinari hydropower project, estimated to cost US$1.956bn.
Canadian Solar has secured a power purchase agreement (PPA) for a total of 80MWac of solar power projects with the Solar Energy Corporation of India (SECI).
Russian joint venture Miyota Power India and Chennai-based Al Ameen Green Energy have signed an agreement for financing and an EPC (engineering, procurement, and construction) contract to develop a 100MW solar photovoltaic (PV) power plant in Virudhunagar, Tamil Nadu.
Sembcorp Utilities, a subsidiary of Sembcorp Industries, has raised its stake in its renewables unit in India – Sembcorp Green Infra – from 68.7% to 70.38%, by subscribing to an entire rights issue by the Indian unit.