Adani Transmission’s USD 700 Mn revolving facility tagged as Green Loan by Sustainalytics


Adani Transmission Limited (ATL), India’s largest private sector  power transmission and distribution company’s USD 700 Mn revolving facility has been tagged  as green loan by Sustainalytics. This provides assurance on the green loan framework for the  revolving facility.  

“ATL has been a signatory to energy compact goals as part of COP26 and the energy compact  with UN in November, 2021” said 

Mr. Anil Sardana, MD and CEO, ATL. 

“The SPO from  Sustainalytics is the testament to overall philosophy of Adani Transmission to facilitate  transition to green energy by increasing the share of renewable power in the overall grid, in  line with India’s commitment on climate change.” 

Sustainalytics had issued the independent SPO on the alignment of the reviewed framework  with the current market standards and the extent to which the eligible project categories are  credible and impactful. Sustainalytics has opined that ATL’s green loan framework aligns to  the four core components of the green loan principles 2021 on project evaluation & selection, use of proceeds and associated contribution to sustainable development goals, management  of proceeds and reporting. 

The projects associated with the USD 700 Mn revolving facility are being implemented in the  states of Gujarat and Maharashtra. In Gujarat, these projects are part of the Government of  India’s Green Energy Corridor Projects (GEC), dedicated to the evacuation and transmission of renewable energy. In Maharashtra the projects are conceptualized to strengthen the Mumbai’s  transmission system by enhancing grid stability and providing a stable transmission network  which shall promote higher share of renewable energy in the overall grid mix ensuring more  penetration of green energy to the end consumers.  

This investments in the eligible category shall support the transmission of clean energy and  advance the UN Sustainable Development Goals (SDG) 7 (Ensure universal access to  affordable, reliable and modern energy services, increase substantially the share of renewable  energy in the global energy mix); and SDG 9 (Develop quality, reliable, sustainable and resilient  infrastructure, including regional and trans-border infrastructure, to support economic  development and human well-being, with a focus on affordable and equitable access for all).  

The revolving facility underlines the overall development philosophy of Adani portfolio  companies implemented through an in-house developed project excellence framework  committed to the highest standard of due diligence covering all international standard  Environment, Social and Governance (ESG) aspects. ATL’s business strategy is centered on  achieving Sustainable Development Goals (SDGs) across all its activities. Sustainalytics has  certified that ATL demonstrates its commitment to sustainability through its environmental  strategy which is focused on building resilient infrastructure, achievement of operational  excellence, and protection of ecological services. 

MUFG Bank, Ltd has acted as Green Loan Coordinator to the issuer for arranging the SPO on  Green Loan Framework prepared by ATL. 


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