NHPC to get Rs 4.5 billion loan from French company for 2000 MW Subansiri Lower hydro project
National Hydroelectric Power Corporation Limited would get a concessional loan of Rs 450 crore from French export credit insurance agency Coface to import of equipment for the 2,000 MW Subansiri Lower hydro project in Arunachal Pradesh. "We have a fruitful discussion with Coface officials. They have agreed to provide us Rs 450 crore at low interest rate ranging from 3.5 to 4 per cent," NHPC chairman S K Garg said on the sidelines of corporation's 30th Foundation Day celebration at Faridabad. "Even if the finalisation of deal gets delayed, Coface has agreed not to increase interest rate beyond 4 per cent," he said. The tenure of the loan would be 17 years with a moratorium of five years and repayment period of 12 years, the NHPC chief said. .....