RPower recasts Rs 2,430-cr loan for Samalkot project
- Country:
- India
Reliance Power said Thursday that the Rs 2,430-crore loan for its Samalkot project has been restructured and its maturity has been extended to June 2022. "Reliance Power's Samalkot project successfully recasts Rs 2,430-crore (USD 347 million) loan from US-EXIM...amortising repayment schedule converted into bullet repayments...extended final loan maturity to June 2022...ultra-low interest rate of only 2.65 per cent per annum," Reliance Power said in a BSE filing.
Reliance Power is in advance stages of development of Bangladesh project and relocating Samalkot modules in Andhra Pradesh to Bangladesh, according to the statement. The company is a private sector power generation and coal resources company.
ALSO READ
-
Bangladesh Secures $100m ADB Loan to Help 40,000 Families Build Safer Homes
-
ADB Backs Bangladesh’s Power Upgrade With $200M for Growing Dhaka Communities
-
Bangladesh’s Job Market at a Crossroads as Rapid Growth Fails to Deliver Enough Employment
-
Supreme Court Seeks Centre's Response on West Bengal Woman's Alleged Deportation
-
Energy Crisis Puts South Asia in the Dark
Google News