{"id":295103,"date":"2019-10-05T10:51:12","date_gmt":"2019-10-05T05:21:12","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=295103"},"modified":"2019-10-05T10:59:06","modified_gmt":"2019-10-05T05:29:06","slug":"nhpc-to-get-rs-4500-cr-loan-from-pfc-rec-to-revive-lanco-teesta-project","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/nhpc-to-get-rs-4500-cr-loan-from-pfc-rec-to-revive-lanco-teesta-project\/","title":{"rendered":"NHPC to get Rs 4,500-cr loan from PFC, REC to revive Lanco Teesta project"},"content":{"rendered":"<p>NHPC is taking a loan of Rs 4,500 crore from state-owned lenders, Power Finance Corporation (PFC) and Rural Electricity Corporation (REC), for reviving the Lanco Teesta project in Sikkim. <\/p>\n<p>With the signing of an agreement with a committee of creditors on Friday, the Union government-owned hydropower major has become the first public sector unit (PSU) to take over a stressed asset through a resolution process in the National Company Law Tribunal (NCLT). <\/p>\n<p>The company has also put in an expression of interest for Jal Power, another insolvent hydropower unit with a capacity of 120 Mw in Sikkim, said Balraj Joshi, chairman and managing director, NHPC.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NHPC is taking a loan of Rs 4,500 crore from state-owned lenders, Power Finance Corporation (PFC) and Rural Electricity Corporation (REC), for reviving the Lanco Teesta project in Sikkim. With the signing of an agreement with a committee of creditors on Friday, the Union government-owned hydropower major has become the first public sector unit (PSU) to take over a stressed asset through a resolution process in the National Company Law Tribunal (NCLT). The company has also put in an expression of interest for Jal Power, another insolvent hydropower unit with a capacity of 120 Mw in Sikkim, said Balraj Joshi, [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-295103","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/295103","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=295103"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/295103\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=295103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=295103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=295103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}