Indian Law Partners (ILP) & Ashurst Advises Japan Bank For International Cooperation

NHPC Limited, India’s biggest hydropower utility has secured a foreign currency loan of JPY 20 billion (approx. Rs 1,150 crore) from the Japan Bank for International Cooperation (JBIC) for implementation of renewable energy projects, including a 300 MW solar power project in Bikaner, Rajasthan.

The facility has been extended under JBIC's initiative entitled 'Global action for Reconciling Economic growth and Environment preservation' ('GREEN') for projects which ensure the conservation of the global environment.

ILP advised JBIC on the Indian law aspects, led by a team of Partners Gopika Pant & Vineet Gupta and assisted by Associates Vinayek Mehra, Aradhana Pillai and Varun Pandey.

Ashurst Japan led by a team of Partner David Wadham, Senior Associate Akemi Kishimoto and Trainee Solicitor Divya Deivanayagam acted for JBIC as international counsel.