Watson Farley & Williams advises Eavor on investment to build commercial scale geothermal project energyglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energyglobal.com Daily Mail and Mail on Sunday newspapers.
The bank will provide nearly $48.5 million for an innovative closed-loop geothermal project being implemented for the first time at a commercial scale.
The loan will be raised by Dhamra LNG Terminal Pvt., a unit of Adani Total Pvt., the people said, asking not be named because the details are private. The debts tenor could range from three to five years, with the pricing likely linked to the Secured Overnight Financing Rate, they said.
Billionaire Gautam Adani’s conglomerate is seeking an offshore loan of about $600 million to refinance existing debt, according to people familiar with the…