PFC-REC to extend ₹4,058-crore loan to Bhutan hydro project - The Hindu BusinessLine
PFC-REC to extend ₹4,058-crore loan to Bhutan hydro project March 11, 2021 × Power Finance Corporation, along with subsidiary REC, on Thursday signed an MoU with Kholongchhu Hydro Energy Ltd to extend a term loan of ₹4,058 crore for a 600 MW hydroelectric project in Trashi Yangtse, Bhutan. The project is proposed to be funded in a debt-to-equity ratio of 70:30, PFC said in a statement. The loan shall be shared in equal proportion by PFC and REC. An additional ₹400 crore is proposed to be arranged from Bank of Bhutan and NPPF, Bhutan. A joint venture between India’s SJVN and Bhutanâ...