POWERGRID enters in term Loan facility with Sumitomo Mitsui Banking Corporation, Singapore Branch

Sarkaritel
By Sarkaritel December 10, 2018 18:54


Power Grid Corporation of India Limited (POWERGRID) has entered into a Term Loan facility agreement for JPY 22 Billionwith Sumitomo Mitsui Banking Corporation, Singapore Branch(SMBC) today, towards part financing of its capital expenditure for its on-going and new projects and renovation and modernisation of its stations. The facility has door to door maturity of 12 years and is on floating rate interest basis linked to JPYLIBOR

POWERGRID has an ambitious investment plan and has budgeted Capital expenditure (CAPEX) including investment in joint venture and subsidiaries of Rs.25000 Crore during the financial Year 2018-19.

Major transmission lines under execution by POWERGERID are HVDC Bipole link between Western Region and Southern Region (Raigarh-Pugalur 6000MW HVDC System), POWERGRID Southern Interconnector Transmission System, Green energy Corridor ISTS,POWERGRID Medinapur-Jeerat Transmission system and POWERGRID VaranasiTransmission System Limited.

Sarkaritel
By Sarkaritel December 10, 2018 18:54