Projects Today reported that Lanco Hydro Energies has achieved financial closure for the 76 MW Phata Byung Hydroelectric Project being developed in Uttarakhand.

However, the power project estimated to cost INR 520 crore is expected to be financed with a debt of INR 416 crore and equity of INR 104 crore. A consortium of five banks with Axis Bank in the lead, are providing the debt required for the project.

(Sourced from Projects Today)