$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

Business Construction Lending, Business financing, Construction loans, S Kumars

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

Commercial Banks, Hydroelectric Power, Hydroelectric Power Generation, Shree Maheshwar Hydel Power Corp.

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.

United States, Karnataka Power Corporation Ltd., VA Tech of Austria