The 3,960MW power project is being developed by Reliance Power, and is one of nine ‘ultra mega power plants’ being pursued by the Government of India.
Some of the funding will be used to purchase mining equipment from US based Bucyrus International for the project’s captive coal block.
According to media reports, this is the largest loan approved by the US Ex-Im Bank to any Indian company, and the loan sanction now needs the approval of the US Congress.
