{"id":19280,"date":"2015-06-11T11:42:06","date_gmt":"2015-06-11T11:42:06","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=19280"},"modified":"2015-06-11T11:42:06","modified_gmt":"2015-06-11T11:42:06","slug":"tata-power-talks-to-lenders-to-refinance-mundra-umpp-loans","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-power-talks-to-lenders-to-refinance-mundra-umpp-loans\/","title":{"rendered":"Tata Power talks to lenders to refinance Mundra UMPP loans"},"content":{"rendered":"<p>Tata Power today said it&#8217;s in discussion with a lenders&#8217; consortium to refinance loans extended to 4,000-MW Mundra ultra mega power project (UMPP) in Gujarat.<\/p>\n<p>The Mundra project is being implemented by Coastal Gujarat Power (CGPL), a wholly-owned subsidiary of Tata Power.<\/p>\n<p>&#8220;We are in discussion with the lenders&#8217; consortium to refinance the loans of Coastal Gujarat Power by extending the tenure of loan repayments,&#8221; Tata Power said in a filing to the BSE.<\/p>\n<p>The company, however, said the final approvals from lenders are yet to come by. <\/p>\n<p>Media reports had earlier said Tata Power is close to tying up a refinancing facility under the 5\/25 scheme for Rs 10,000 crore that it borrowed to set up the Mundra UMPP.<\/p>\n<p>Under the 5\/25 scheme, banks can extend loan repayment for a period up to 25 years, with an option of refinancing the loan every five years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Power today said it&#8217;s in discussion with a lenders&#8217; consortium to refinance loans extended to 4,000-MW Mundra ultra mega power project (UMPP) in Gujarat. The Mundra project is being implemented by Coastal Gujarat Power (CGPL), a wholly-owned subsidiary of Tata Power. &#8220;We are in discussion with the lenders&#8217; consortium to refinance the loans of Coastal Gujarat Power by extending the tenure of loan repayments,&#8221; Tata Power said in a filing to the BSE. The company, however, said the final approvals from lenders are yet to come by. Media reports had earlier said Tata Power is close to tying up [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-19280","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/19280","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=19280"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/19280\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=19280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=19280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=19280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}