NHPC signs Rs 1,020 cr securitisation facility with HDFC Bank
The amount of the securitisation facility has been arrived Rs 1,016.39 crore or 5.24 per cent per annum discounting rate linked with three-month T-bills.
- Feb 24, 2022,
- Updated Feb 24, 2022 9:29 PM IST
State-owned NHPC on Thursday said it has inked a pact with HDFC bank to securitise return on equity of its 540-MW Chamera-I Power Plant in Himachal Pradesh for 10 years.
''NHPC Ltd has signed a facility agreement today i.e. February 24, 2022, (on Thursday) with HDFC Bank Ltd to securitise the return on equity of Chamera-I Power Station (3 X 180 MW), Himachal Pradesh, for a tenor of 10 years,'' according to a BSE filing.
The amount of the securitisation facility has been arrived Rs 1,016.39 crore or 5.24 per cent per annum discounting rate linked with three-month T-bills.
In December 2021, NHPC's board had approved the proposal for monetisation by securitisation through bidding process of return on equity (RoE) of Chamera-1 Power Station (3 X 180 MW), Himachal Pradesh, and further to monetise RoE of one or more power stations for 5 or 10 or 15 years in one go or rollover.
State-owned NHPC on Thursday said it has inked a pact with HDFC bank to securitise return on equity of its 540-MW Chamera-I Power Plant in Himachal Pradesh for 10 years.
''NHPC Ltd has signed a facility agreement today i.e. February 24, 2022, (on Thursday) with HDFC Bank Ltd to securitise the return on equity of Chamera-I Power Station (3 X 180 MW), Himachal Pradesh, for a tenor of 10 years,'' according to a BSE filing.
The amount of the securitisation facility has been arrived Rs 1,016.39 crore or 5.24 per cent per annum discounting rate linked with three-month T-bills.
In December 2021, NHPC's board had approved the proposal for monetisation by securitisation through bidding process of return on equity (RoE) of Chamera-1 Power Station (3 X 180 MW), Himachal Pradesh, and further to monetise RoE of one or more power stations for 5 or 10 or 15 years in one go or rollover.