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KSP acts for REC on Chhatisgarh power project financing

Khaitan Sud & Partners (KSP) advised the Rural Electrification Corporation (REC) led consortium on infusing Rs 226.28 crores ($35m) in TRN Energy. TRN was advised in house.

KSP partner Tanuj Sud and associates Henna Vadhera and Aiswarja Mohanty acted for REC REC’s infusion will be used to meet the gap in implementation of the 600 MW thermal power project by TRN in Chhatigarh, according to KSP’s press release.

TRN is a subsidiary of ABC India which holds a 74 per cent stake in the power company.

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