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    Home > Chemicals Industry > International Chemical > India's 1,500 MW coal-fired power station received a $1.5 billion loan

    India's 1,500 MW coal-fired power station received a $1.5 billion loan

    • Last Update: 2023-01-02
    • Source: Internet
    • Author: User
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    India's state-owned bank Power Finance and its subsidiary REC have approved a $1.
    5 billion loan
    to Adani Power for coal-fired power projects in the eastern Indian state of Jharkhand.

    It is reported that the loan for this 1600 MW coal-fired power generation project will be divided
    equally between the two lenders.
    70% of the cost of the project will be financed by loans, the rest will be financed through equity, and REC and Power Finance will provide the full debt
    .

    The project, which is currently selling electricity to Bangladesh, is located in one of India's
    largest coal-producing provinces.
    According to people familiar with the matter, the cost includes the construction of a transmission line to carry electricity and the installation of equipment to control sulfur dioxide emissions
    .

    Not only that, but the project will also receive tax breaks as it has been approved by India's Ministry of Commerce as a Special Economic Zone or Export-Oriented Industrial Operation
    .

    According to the Bangladesh Electricity Development Board's website, Bangladesh's electricity generation comes mainly from natural gas, which accounts for 56%
    of the fuel mix.

    According to an approval document from India's environment ministry, the plant will use imported coal and will require up to 9 million tonnes per year to operate
    at 85 percent capacity.



    India's state-owned bank Power Finance and its subsidiary REC have approved a $1.
    5 billion loan
    to Adani Power for coal-fired power projects in the eastern Indian state of Jharkhand.

    Coal-fired power generation

    It is reported that the loan for this 1600 MW coal-fired power generation project will be divided
    equally between the two lenders.
    70% of the cost of the project will be financed by loans, the rest will be financed through equity, and REC and Power Finance will provide the full debt
    .

    The project, which is currently selling electricity to Bangladesh, is located in one of India's
    largest coal-producing provinces.
    According to people familiar with the matter, the cost includes the construction of a transmission line to carry electricity and the installation of equipment to control sulfur dioxide emissions
    .

    Not only that, but the project will also receive tax breaks as it has been approved by India's Ministry of Commerce as a Special Economic Zone or Export-Oriented Industrial Operation
    .

    According to the Bangladesh Electricity Development Board's website, Bangladesh's electricity generation comes mainly from natural gas, which accounts for 56%
    of the fuel mix.

    According to an approval document from India's environment ministry, the plant will use imported coal and will require up to 9 million tonnes per year to operate
    at 85 percent capacity.


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