{"id":50458,"date":"2016-01-14T11:05:43","date_gmt":"2016-01-14T11:05:43","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=50458"},"modified":"2016-01-14T11:05:43","modified_gmt":"2016-01-14T11:05:43","slug":"government-may-allow-power-companies-to-index-rupee-debt-with-global-currencies","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/government-may-allow-power-companies-to-index-rupee-debt-with-global-currencies\/","title":{"rendered":"Government may allow power companies to index rupee debt with global currencies"},"content":{"rendered":"<p>The government is considering allowing power companies to index rupee debt with global currencies to attract cheaper long-tenor loans from foreign banks, Power Minister Piyush Goyal said on Thursday. <\/p>\n<p>The minister has asked Japanese financial institutions to co-finance Indian power projects with state-run power sector financiers like Power Finance Corp and Rural Electrification Corp. <\/p>\n<p>Leading banks of Japan including Sumitomo Mitsui Banking Corporation, Mizuho Bank, Bank of Tokyo Mitsubishi, JICA, Nippon Export &#038; Insurance Investment and JBIC are meeting Goyal here to discuss opportunities for investing in the Indian energy sector, including in UMPPs, renewable energy and transmission and distribution projects. <\/p>\n<p>Sumitomo Mitsui Banking Corporation director Rajeev Kannan said the bank is willing to offer long-term funds to Indian power plants with low risks provided the country offers stabilised policies and indexation of currencies to hedge risk. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government is considering allowing power companies to index rupee debt with global currencies to attract cheaper long-tenor loans from foreign banks, Power Minister Piyush Goyal said on Thursday. The minister has asked Japanese financial institutions to co-finance Indian power projects with state-run power sector financiers like Power Finance Corp and Rural Electrification Corp. Leading banks of Japan including Sumitomo Mitsui Banking Corporation, Mizuho Bank, Bank of Tokyo Mitsubishi, JICA, Nippon Export &#038; Insurance Investment and JBIC are meeting Goyal here to discuss opportunities for investing in the Indian energy sector, including in UMPPs, renewable energy and transmission and distribution [&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-50458","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/50458","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=50458"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/50458\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=50458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=50458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=50458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}