Reliance Power’s Sasan project will be funded by Chinese banks

RPower has tied up loans of $1.1 billion from three Chinese lenders for its upcoming 3.960 MW Sasan Ultra Mega Power Project(UMPP) in Madhya Pradesh. The loans would be provided by Bank of China, China Development Bank and The Export Import Bank of China along with Standard Chartered Bank. It would be the largest financing by Chinese Banks for an Indian project. The Sasan project being set up at a cost of about $ 4 billion, would start power generation in December 2012. The Chinese banks had signed an MoU with Reliance Power to finance $ 12 billion for its project in 2010.

Miscellaneous Informations

BLR – Bank Loan Ratings

NABARD Chairman – Dr Prakash Bakshi

DSIM – Department of Statistics and Information Management

National Bank for Agricultural and Rural Development -NABARD

South East Asian Nations -ASEAN

Coal India Ltd to invest on rail infrastructure in three States

Coal India Ltd will be investing Rs 7,500 crore to develop railway infrastructure in Chhattisgarh, Jharkhand and Odisha. These rail lines will be used to evacuate coal from the three States.

Coal India has cash reserves of Rs 58,202.78 crore as on March 30. It has planned a capital expenditure of Rs 30,000 crore during the 12^th Plan.

Chairman and Managing Director of Coal India Ltd – Mr S. Narsing Rao.