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Greenko secures ₹5,500 crore loan for first off-river power storage project – EQ Mag Pro
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Greenko secures ₹5,500 crore loan for first off-river power storage project – EQ Mag Pro

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Greenko secures Rs 5,500 cr loan for first off-river power storage project
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Greenko secures ₹5,500 crore loan for first off-river power storage project – EQ Mag Pro

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Greenko has tied up a Rs 5,500 crore loan from Power Finance Corporation (PFC) to build India’s first off-river energy storage project, which will be located in Andhra Pradesh, according to two people aware of the matter.

The 20-year loan has been priced at 11% per annum interest and the power generator will have to start repaying the loan only after the project has been commissioned. After commissioning, it will get a one-year moratorium during which it will not have to make any payments to the lender…Read More…

Source: PTI

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Anand Gupta Editor - EQ Int'l Media Network
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