THDC India limited, a Mini Ratna, Schedule ‘A’ CPSE has tied up Euro denominated borrowings for its 1,000 MW Tehri Pumped Storage Project. The loan agreement for the Export Credit of Euro 83 million backed by Coface, Export Credit Agency of France was signed recently between THDCIl and French Bank, Societe Generale, Paris.
The loan agreement was signed by Deepak Sarwal, Executive Director, on the behalf of THDCIl and Evelyne Collin and Darryl Netto on behalf of Societe Generale, Paris. The agreement was signed in the presence of RST Sai, Chairman & Managing Director, THDCIl, Sridhar Patra, Director (Finance), THDCIl and other officers of THDCIl and Societe Generale. Anoop Krishnan, GM, SBI, and Senior officers from SBI led consortium, who are financing the domestic debt portion of Rs1,500 crore, for the Tehri Pumped Storage Project, were also present.