Reliance Power has raised loans worth $1.1 billion from three Chinese lenders for its upcoming 3,960 MW Sasan ultra mega power project in Madhya Pradesh. The State Council of Government of China has granted the final approval for Chinese banks to finance the Sasan project.
These loans would be provided by Bank of China, China Development Bank and The Export Import Bank of China, along with Standard Chartered Bank. The insurance cover would be from China Export & Credit Insurance Corp. The long term loans have duration of over 13 years.
Reliance Power is part of the Reliance Anil Dhirubhai Ambani Group and is established to develop, construct and operate power projects domestically and internationally.
Company Name | CMP |
---|---|
NTPC | 371.90 |
Tata Power | 441.70 |
Power Grid Corp | 325.45 |
Adani Power | 680.25 |
Torrent Power | 1422.00 |
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