Tata Power avails of INR 450 crore sustainable trade finance from Japan’s MUFG ,Dec 26, 2022, Invest india

This credit facility was extended for the solar projects under TP Kirnali Limited (TPKL). Incorporated in 2020, TPKL is a 100% owned subsidiary of Tata Power Renewable Energy Limited (TPREL), a clean energy platform.

“It is the first sustainable trade finance facility offered by MUFG in India and TPKL will utilise the funds towards generating renewable energy capacity,” said Tata Power in a statement, adding that the collaboration will open up further opportunities to raise green financing as Tata Power continues to increase its clean energy portfolio and contribute towards India’s net zero targets.