IFLR1000

Chuzachen 110MW hydroelectric power plant

14/3/2016
Project development, Project finance
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Re 8.28 billion

$ 129 million

Completed

14/3/2016

Overview:

  • Chuzachen 110MW hydroelectric power plant.
  • The project, located in Chuzachen, East District, Sikkim, is being developed by Gati Infrastructure. on a build-own-operate-transfer (BOOT) basis.
  • The plant is located on the Rangpo and Rongli rivers.
  • The plant will be linked to the grid through a 24km transmission line.
  • IDFC Bank, Rural Electrification Corporation, UCO Bank, Bank of India, Indian Overseas Bank, L&T Infrastructure Finance Company and State Bank of Hyderabad have lent $129 million to finance the project.

Katrin Kostadinova - Data analyst

Jurisdiction:

India

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Governing law:

India

Industry sector:

Energy

Firms:
Dentons Link Legal

Party: IDFC Bank (Lender)

Party: Rural Electrification Corporation (Lender)

Party: UCB (Lender)

Party: Bank of India (Lender)

Party: Indian Overseas Bank (Lender)

Party: L&T Infrastructure Finance Company (Lender)

Party: State Bank of Hyderabad (Lender)

Madun Gujadhur Chambers

Party: Gati Infrastructure (Borrower, Project developer)

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