{"id":511585,"date":"2022-08-04T10:39:45","date_gmt":"2022-08-04T05:09:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=511585"},"modified":"2022-08-04T10:39:45","modified_gmt":"2022-08-04T05:09:45","slug":"greenko-secures-rs-5500-cr-loan-for-first-off-river-power-storage-project","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/greenko-secures-rs-5500-cr-loan-for-first-off-river-power-storage-project\/","title":{"rendered":"Greenko secures Rs 5,500 cr loan for first off-river power storage project"},"content":{"rendered":"<p>Greenko has tied up a Rs 5,500 crore loan from Power Finance Corporation (PFC) to build India&#8217;s first off-river energy storage project, which will be located in Andhra Pradesh, according to two people aware of the matter.<\/p>\n<p>The 20-year loan has been priced at 11% per annum interest and the power generator will have to start repaying the loan only after the project has been commissioned. After commissioning, it will get a one-year moratorium during which it will not have to make any payments to the lender.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greenko has tied up a Rs 5,500 crore loan from Power Finance Corporation (PFC) to build India&#8217;s first off-river energy storage project, which will be located in Andhra Pradesh, according to two people aware of the matter. The 20-year loan has been priced at 11% per annum interest and the power generator will have to start repaying the loan only after the project has been commissioned. After commissioning, it will get a one-year moratorium during which it will not have to make any payments to the lender.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-511585","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/511585","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=511585"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/511585\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=511585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=511585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=511585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}