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R-Power raises $1 bn from three Chinese banks

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P B Jayakumar Mumbai
Last Updated : Jan 29 2013 | 1:33 AM IST

The fund raised from China Exim Bank, Chinese Development Bank and China Export & Credit Insurance Corporation (Sinosure) will help R-Power to achieve financial closure of the Sasan plant, which is projected to have an investment of Rs 15,000 crore.

Financial closure for the Sasan project could happen within two months, said company sources.

 

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