RPower alters Rs 2,430-crores loan for Samalkot project
Update: 2019-07-12 00:29 IST
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 ($347 million) loan from US-EXIM, amortising repayment schedule converted into bullet repayments.
The final loan maturity is extended till June 2022 with an 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.