NEW DELHI: The US Exim Bank has allowed Reliance Power subsidiary Samalkot Power Ltd to sell for Rs 1,540 crore a module generation equipment to South Korea\u2019s Samsung C&T Corporation, the contractor for the company\u2019s gas-based power project in Bangladesh, the company said in a statement on Thursday.
\nThe clearance coincides with financial closure with multilateral lenders Japan Bank for International Cooperation and Asian Development Bank (ADB) for the 745 MW (megawatts) project R-Power is building in joint venture with Japan\u2019s JERA Co at Meghnaghat near Dhaka.
\n\u201cAll requisite conditions for availing drawdown under the loan agreements have been satisfied,\u201d the company statement said.
\nR-Power had imported the generation module for a proposed power plant based on gas from Reliance Industries Ltd\u2019s KG-D6 block off the Andhra coast. But the plan was shelved after output from the field fell way short of RIL\u2019s projections and imported gas proved too unremunerative for producing power.<\/p>\n","protected":false},"excerpt":{"rendered":"
NEW DELHI: The US Exim Bank has allowed Reliance Power subsidiary Samalkot Power Ltd to sell for Rs 1,540 crore a module generation equipment to South Korea\u2019s Samsung C&T Corporation, the contractor for the company\u2019s gas-based power project in Bangladesh, the company said in a statement on Thursday. The clearance coincides with financial closure with multilateral lenders Japan Bank for International Cooperation and Asian Development Bank (ADB) for the 745 MW (megawatts) project R-Power is building in joint venture with Japan\u2019s JERA Co at Meghnaghat near Dhaka. \u201cAll requisite conditions for availing drawdown under the loan agreements have been satisfied,\u201d […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,246,137],"tags":[],"class_list":["post-403193","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/403193","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=403193"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/403193\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=403193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=403193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=403193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}