Archive · 29 Sep 2025
Oyster Renewable Energy Secures Loan for Madhya Pradesh Power Project
Oyster Renewable Energy got a big loan to build a new power plant in Madhya Pradesh.
This plant will use both solar and wind power to generate electricity.
The company got the loan from Union Bank of India to build a 342 MW solar energy facility.
They also made a deal to sell the electricity for 25 years.
This project is expected to help the environment by reducing carbon emissions.
It aims to provide reliable, green power to industries.
This helps India reach its goals for clean energy.
Oyster Renewable Energy's subsidiary received a ₹1,844 crore loan.
The loan finances a hybrid power project in Madhya Pradesh.
Union Bank of India provided the financing.
The project includes a 342 MW solar energy facility.
A 25-year power purchase agreement is finalized.
- Who
- Oyster Renewable Energy's subsidiary, Oyster Green Hybrid Three, and Union Bank of India
- What
- Secured a loan for a hybrid power project.
- When
- The financing has a long tenure of around 20 years.
- Where
- Madhya Pradesh
- Why
- To finance a hybrid renewable energy project, bridge the gap between industrial demand and sustainable energy supply, and advance national climate goals.
- Company
- Oyster Renewable Energy
- Project Location
- Madhya Pradesh
- Loan Amount
- ₹1,844 crore
- Facility Type
- 342 MW solar energy facility
- Financing Bank
- Union Bank of India
- PPA Duration
- 25 years
- CO2 Emission Reduction
- Nearly 8 lakh tonnes annually