Oyster Renewable Energy’s arm gets Rs.1,844-Cr project loan from Union Bank

Mumbai-based Oyster Green Hybrid Three, a subsidiary of Oyster Renewable Energy , has received an INR 1,844 crore loan for its 342 MW hybrid power project in Madhya Pradesh from Union Bank of India with a tenure of around 20 years.Oyster has also finalised a 25-year power purchase agreement (PPA) under captive power norms with a process industry unit.