KS Partners advises SBI-led consortium to finance Lalitpur Thermal Power Project

Bar & Bench September 14 2011

State Bank of India (SBI) led consortium of 19 banks and financial institutions have funded Rs. 8886 crore ($ 1.9 billion) for the 1980MW (3x660MW), coal-based supercritical thermal power project at District Lalitpur, Uttar Pradesh.


The project is being implemented by Lalitpur Power Generation Company, promoted by Bajaj Group. The project cost is Rs. 11,848 crore.


KS Partners advised the consortium (lenders) with a team led by Partner Tanuj Sud along with Senior Associate Sujeet Das and Associate Jayant Gupta.


Lalitpur Power Generation Company (borrowers) was advised by its in-house team.


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