| |
Project Highlight
Location
Statutory
& Regulatory approvals
Project
cost and means of finance
Implementation
schedule
Fuel supply
Environmental initiatives
|
 |
Mega Power Project>Project
cost and means of finance |
 |
| |
|
|
 |
|
| |
The project cost is estimated at Rs.30960 million (over US$ 774 Mn). |
|
The project is being financed with a debt-equity ratio of 70:30.
|
|
The Torrent Power Limited will provide 100% of the Equity for the project i.e Rs. 8361 million (US $ 209 million).
|
| |
It has already contributed Rs. 7324 million (US $ 183 million) towards its equity commitment in the project. |
| |
Siemens, the EPC contractor of the project, would be contributing Rs. 929 million (US $ 23 million) in the form of subordinate loan i.e quasi equity.
|
|
Entire debt requirement has been fully tied up and financial closure achieved in September, 2004. The debt arrangements have been tied up with a consortium of financial investors led by Infrastructure Development Finance Company (IDFC) and consisting of Industrial Development Bank of India (IDBI), Power Finance Corporation (PFC), Punjab National Bank (PNB), UCO Bank and Canara Bank.
|
| |
|
|
|
|