Home » R-Power borrows Rs 4,000 cr from PFC for its UMPPs

R-Power borrows Rs 4,000 cr from PFC for its UMPPs

R-Power borrows Rs 4,000 cr from PFC for its UMPPs

Reliance Power borrowed Rs 4,000 crore from Power Finance Corporation (PFC) to achieve financial closure of two ultra mega power projects (UMPP). The loan has a maturity period of around 20 years with an average interest rate of 12 per cent. R-Power recently bagged three UMPPs in the country.

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