Avaada Energy, the renewable energy division of Avaada Group, has secured approximately Rs 3.15 billion in financing from Aseem Infrastructure Finance Limited.
The funding will support Avaada Energy’s solar photovoltaic power project, which is being developed under a long-term captive power purchase agreement with the Karnataka Cooperative Milk Producers’ Federation Limited. The project is situated in the Kalaburagi district of Karnataka.
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