Indian Power Co. Gets $430M Loan For Plant Projects

Law360, New York (January 27, 2014, 2:09 PM EST) -- India state-owned power company NTPC Ltd. said Monday that it has secured two loans worth a combined $430 million from the Japan Bank for International Cooperation for the construction of a coal-fired power plant and the overhaul of a gas-fired plant.

NTPC said it's signed a $350 million term loan with the JBIC to finance the supplies and services for the first stage of the Kudgi Super Thermal Power Project, a 2,400-megawatt coal-fired plant in the Indian state of Karnataka. The company has also signed an...
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