The Firm advised and acted for REC Limited (“REC” or “Lender”) as the Lenders’ Legal Counsel (“LLC”) in connection with financial assistance sanctioned to Greenko MP01 IREP Private Limited (“Borrower”) aggregating up to USD 729 million (approximately) (INR 6075.16 Crore) for the purpose of implementation of a 1440 MW/10397 MWH MP30 Gandhisagar standalone pumped storage project, along with related evacuation infrastructure, at District Neemuch, in the State of Madhya Pradesh (“Project”). Greenko Group (majority owned by Singapore’s sovereign wealth fund GIC) has tied up a loan of USD 729 million (approximately)with REC Limited which is one of the highest loan amount being rendered by REC for implementation of the standalone pumped storage project in India.