Foreign banks support Jaitapur n-plant: NPCIL

March 23rd, 2011 - 9:25 pm ICT by IANS  

Mumbai, March 23 (IANS) The Nuclear Power Corporation of India Ltd (NPCIL) Wednesday refuted reports that some international banks have decided to withdraw from the ambitious Jaitapur Nuclear Power Project (JNPP) coming up in Maharashtra.

In a statement, the nuclear establishment said that several international banks have given commitment to finance JNPP and those received so far exceed the amount of debt funding required for the mega-project.

Moreover, the French authorities are also supporting the funding through their Export Credit Agencies.

“All such international banks contacted are keen to fund JNPP and to be associated with NPCIL. None of these banks expressed any inability to fund this project,” the statement said.

JNPP, with a total capacity of 9,900 MW, envisages setting up two nuclear power reactors of 1650 MW each in the first phase.

It is being set up in technical collaboration with Areva, France and the project is planned to be implemented with a debt-equity ratio of 70:30.

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