$220-M GERMAN BANK LOAN FOR MAHESHWAR HYDEL PROJECT
Article Abstract:
The Bayerische Vereins Bank of Germany has approved a $220 million, 17-year term loan for the Rs1,600 crore, 400 mw Maheshwar power project being set up in Madhya Pradesh by the S Kumars group. The project is being set up in collaboration with two German power firms, Bayernwerk Group and VEW Energie. The loan will be utilised to acquire machinery worth $160 million from Siemens AG and machinery worth $60 million from ABB. Hermes, a state-run German export credit agency, has given the political risk guarantee to the financing bank. (khr)
Comment:
Approves $220 mil 17-yr term loan for Rs1,600 crore, 400 MW Maheshwar power project being set up by S Kumars group
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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S KUMARS' HYDEL PROJECT REACHES FINANCIAL CLOSURE
Article Abstract:
S Kumars' Rs1,600 crore Shree Maheshwar Hydel Power Corporation has reached the financial closure. The six banks which have agreed to provide a back-to-back guarantee to State Bank of India against its $174 million front-end guarantee are Bank of Baroda, Punjab National Bank, Canara Bank, Dena Bank, Indian Bank and Bank of India. The guarantee is to help the company to raise a $220 million 17-year loan from Bayerische Vereinsbank of Germany. Industrial Finance Corporation of India (IFCI) has also offered a $47 million guarantee. (gs)
Comment:
Shree Maheshwar Hydel Power of India reaches financial closure to help raise $220 mil, 17-year loan from this co
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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KPCL SEEKS Rs200-CR LOAN FROM VA TECH
Article Abstract:
Karnataka Power Corporation Ltd (KPCL) is negotiating a term loan of Rs200 crore from VA Tech of Austria for its Rs334 crore, 90 mw Sarpadi mini-hydel project near Mangalore. KPCL will generate the balance of Rs134 crore through internal accruals over a period of 5 years. The company is drafting an innovative financial structure to minimise foreign exchange risk. (khr)
Comment:
Karnataka Power Corporation Ltd (KPCL) is negotiating a term loan of Rs200 crore from VA Tech of Austria for its Rs334 crore, 90 mw Sarpadi mini-hydel project near Mangalore.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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