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NLC adopts new method of floating tenders
NLC, has adopted an innovative method of floating tenders for raising funds for a coal-based power project (3x660 MW) at Ghatampur (UP), which includes reverse auction mechanism, in order to secure the debt component.
NLC, Tenders, Coal Project, Power Project, Reverse Auction, Project Cost, DEBT, Loan, Tariff, Financials, Funds
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$48 million ADB loan to boost Assam power sector
The Asian Development Bank has signed a $48 million loan agreement with the Government of India to boost Assam’s power sector and help improve access to efficient and reliable power in New Delhi. This is the second tranche loan of the $300 million multi tranche financing facility for the Assam Power Sector Investment Program (APSIP) that was approved by the ADB Board in July 2014.
ADB, Assam Power Sector, Loan, GOI, Financing, APDCL, Discom, Distribution, Energy Efficiency, Power Supply, Loan Agreement
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PGCIL to get $2 bn loan from multilateral agencies
The Indian government is in talks with international multilateral financial agencies such as Asian Development Bank and World Bank seeking loan worth $2 billion for PGCIL, said a source close to the development.
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Coal India to settle dues of Japanese EXIM Bank early
S Narsing Rao, Chairman of Coal India (CIL) informed a news agency that the firm would prepay Rs 300-400 crore outstanding Japanese loan considering the sharp depreciation of rupee against the dollar. The company borrowed funds from the Japanese Exim Bank, which it intends to prepay now. The Indian rupee depreciated sharply against the dollar in recent trading sess
Coal India, CIL, Loan, World Bank, Japan, EXIM Bank, Credit, Borrowing, Lending, Finance, Investment, Dollar, Rupee, Exchange Rate
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Coal India to settle dues of Japanese EXIM Bank early
S Narsing Rao, Chairman of Coal India (CIL) informed a news agency that the firm would prepay Rs 300-400 crore outstanding Japanese loan considering the sharp depreciation of rupee against the dollar. The company borrowed funds from the Japanese Exim Bank, which it intends to prepay now. The Indian rupee depreciated sharply against the dollar in recent trading sess
Coal India, CIL, Loan, World Bank, Japan, EXIM Bank, Credit, Borrowing, Lending, Finance, Investment, Dollar, Rupee, Exchange Rate
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Welspun borrows Rs 120 cr loan for Jaisalmer wind project
Welspun Energy on May 16 stated that it has been sanctioned Rs 120 crore loan for its 20 mw wind energy project at Jaisalmer in Rajasthan. Welspun Energy has achieved financial closure of its 20 mw wind power project at Jaisalmer, the company said in a statement.
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Welspun borrows Rs 120 cr loan for Jaisalmer wind project
Welspun Energy on May 16 stated that it has been sanctioned Rs 120 crore loan for its 20 mw wind energy project at Jaisalmer in Rajasthan. Welspun Energy has achieved financial closure of its 20 mw wind power project at Jaisalmer, the company said in a statement.
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Suzlon to sell non-core assets to cut debt
Agency reports indicate that wind turbine producer Suzlon Energy identified 15 non-core assets, mostly in overseas markets like China, US, etc, to sell and raise around $400 million for repaying debt. The company, which sits on a debt pile of almost Rs 14,600 crore, raised the targeted amount from asset sale from $100 million fixed
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Welspun Energy tying up loan for 60 mw project
Vineet Mittal, Managing Director of Welspun Energy informed that the company was in the process of getting Rs 4 billion bank loan for its 60-megawatt solar power plant project in Tamil Nadu. The company won the project in a recent auction held by the state government. In December, Tamil Nadu had invited bids from developers to set up solar projects of as muc
Welspun Energy, Solar, Power, Plant, Project, Bids, Bank, Loan, Lending, Credit, Finance
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