Power Finance Corporation has agreed
to lend Rs.1,400 crore to Ratnagiri Gas & Power towards revival of the Dabhol
power project. The loan will have a maturity period of 12 years.
The loan will be mainly used to
part-finance the completion of Phase II (1,444 MW) of the power project.
However, it could also be used to restart Phase I (740 MW) of the project.
NTPC has estimated the start-up cost
for Phase I to be Rs.675 crore that would cover detailed assessment of existing
equipment and the actual cost of starting power generation.
Recursive Links:
Dabhol power
project revival advanced to 15 May (16-Feb-06)