Satluj Jal Vidyut Nigam (SJVN)

Luhri-1 Hydro Electric Project - Financing

Industry
Renewables/Large hydro
Area of finance
Project & Infrastructure Finance
Region
Asia
Countries
India

Deal Overview

SJVN has announced the financial closure of two Indian projects. The State Bank of India will provide a Rs1,537 crore ($200 million) loan for the Rs1,922 crore, 210MW Luhri-1 hydroelectric project in Shimla &Kullu districts of Himachal Pradesh. The interest rate for the loan is 6.9% per annum...

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SJVN has announced the financial closure of two Indian projects. The State Bank of India will provide a Rs1,537 crore ($200 million) loan for the Rs1,922 crore, 210MW Luhri-1 hydroelectric project in Shimla &Kullu districts of Himachal Pradesh. The interest rate for the loan is 6.9% per annum and the levelised tariff for the generated electricity will be Rs4.24 per unit.

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Deal Volume
$200m
Financial Close
03 March 2022

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Projects

Luhri-1 Hydro Electric Project

Greenfield
Large hydro
Asia
India
$250m