KKR-Vedanta JV ties up Rs 2,600 crore loans for green power projects

A KKR and Vedanta JV has tied up ₹2,600 crore in loans to finance new green power projects that are being built to meet captive energy consumption needs of Vedanta group companies, according to two people in the know.

The JV known as Serentica Renewables in which KKR has pumped over $650 million so far has tied up a 19 year loan from Power Finance Corporation to build solar and wind projects in Karnataka, according to the sources cited earlier.