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Reliance Power gets funding for phase-II of Rosa project

Anil Dhirubhai Ambani Group (ADAG) company Reliance Power (R-Power) has tied up with the IDBI Bank-led consortium of domestic banks to secure the debt portion for the second phase of the 600-MW Rosa Power project in UPs Shahjahanpur district.The consortium will lend around Rs 2,000 crore out of the total project cost of Rs 2,702 crore. The remaining amount will be funded through equity.While IDBI will fund Rs 500 crore, India Infrastructure Finance Company (IIFCL) will offer Rs 465 crore. Canara   read more »

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