GVK Power (Goindwal Sahib), a 100 per cent subsidiary of GVK Power &
Infrastructure, has achieved financial closure for its 540 MW (2x270) coal based
power project at Goindwal Sahib, Taran Tarn district, in Punjab.
The project cost is Rs 3,200 crore, which is financed by means of equity of
Rs 800 crore and debt of Rs 2,400 crore.
The company on 1 February 2010 has signed all the financing documents with
the consortium of lenders. IDBI Bank has syndicated the debt apart from being
one of the lenders in the consortium of bankers.
The project is spread over 1,000 acre and is being executed on BOO basis. It
is slated to be completed by August 2011.
Also See:
GVK
Power may lose Tokishud North coal block (04-Aug-09)
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Project profile