Search

Home » Finance » Malaysia’s Genting Wins Loans From HSBC for Indian Wind Project

Malaysia’s Genting Wins Loans From HSBC for Indian Wind Project

According to reports, Genting Bhd., the Malaysian gaming company that is Asia’s third-biggest casino operator by market value, won loans from HSBC Holdings Plc to develop a wind power project in India.

HSBC and one other bank have agreed to lend to the 92- megawatt project being built in western Gujarat state, Manav Futnani, associate director of project and export finance at HSBC, said in an interview in New Delhi during the Euromoney Renewable Energy Finance Forum today.

The project will use turbines made by Denmark’s Vestas Wind Systems A/S, the world’s biggest wind-turbine maker. Denmark’s export credit agency Eksport Kredit Fonden will back part of the debt, Futnani said.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

Scroll To Top