Strap: Implementation agreement with Himagiri Hydro Energy, which was earlier awarded the project, lapsed on Sept 7
PTC India Financial Services has sought renewed bids for the 300 MW Panan Hydropower Project as Himagiri Hydro Energy, which was awarded the project, has not been able to achieve financial closure.
Financial closure is achieved when all agreements with banks and financial institutions for funds are made and all the conditions precedent to initial drawing of debt are satisfied.
