Loan agreement for Rs 7575 crore signed for Meja Urja


By staff reporter

New Delhi

Meja Urja Nigam Private Limited , a 50:50 Joint Venture of NTPC Ltd and UPRVUN Limited has achieved financial closure for Meja Thermal Power Project consisting of two units of 660 MW each. The project is situated in the state of Uttar Pradesh.

A loan agreement for Rs 7575 crore was signed on June 06, 2012 with consortium of sixteen Banks led by State Bank of India. The loan has disbursement period of 60 months and is to be repaid in 10 years thereafter. The loan would be utilised for financing capital expenditure of Meja Thermal Power Project. The Loan facility was syndicated by SBI Capital Markets Ltd.