RPower recasts Rs 2,430-cr loan for Samalkot project

| | New Delhi
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RPower recasts Rs 2,430-cr loan for Samalkot project

Friday, 12 July 2019 | PTI | New Delhi

Reliance Power said on Thursday that the Rs 2,430-crore loan for its Samalkot project has been restructured and its maturity has been extended to June 2022. “Reliance Power’s Samalkot project successfully recasts Rs 2,430-crore (USD 347 million) loan from US-EXIM...amortising repayment schedule converted into bullet repayments...extended final loan maturity to June 2022... ultra-low interest rate of only 2.65 per cent per annum,” Reliance Power said in a BSE filing. Reliance Power is in advance stages of development of Bangladesh project and relocating Samalkot modules in Andhra Pradesh to Bangladesh, according to the statement. The company is a private sector power generation and coal resources company. 

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