Question

Which of the following has raised ₹1,000 crore from investors such as the Asian Development Bank in April 2019 for financing its 2.4-gigawatt renewable energy portfolio?
Welspun Renewables
Energo Engineering Limited
Avaada Energy Pvt Ltd
ETA Engineering Pvt Ltd
SPM Energy Private Limited

Answer 1

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✏ Option [C.] is Correct

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Answer 2

Answer:

Avaada Energy Pvt Ltd Which of the following has raised ₹1,000 crore from investors such as the Asian Development Bank in April 2019 for financing its 2.4-gigawatt renewable energy portfolio.

Explanation:

Avaada Energy Pvt Ltd. was promoted by Vineet Mittal.

Avaada Energy Pvt Ltd has raised ₹1,000 crore from investors such as the Asian Development Bank, Germany’s Deutsche Entwicklungs- und Investitionsgesellschaft (DEG), Dutch development bank Netherlands Development Finance Company (FMO).

Avaada Group had made target of generating 5 GW energy capacity and has started 2 GW of renewable energy project in India.