Oyster Renewable Energy arms gets Rs 1,844-cr project loan
Oyster Green Hybrid Three, a subsidiary of Oyster Renewable Energy, has received a loan worth Rs 1,844 crore for its 342 MW hybrid power project in Madhya Pradesh.
The company has achieved the financial closure for the solar-wind hybrid power project from Union Bank of India with a tenure of around 20 years, marking one of the largest debt financings for a hybrid renewable project in the state, Oyster Renewable Energy said in a statement on Monday.
