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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.