NHPC signs Rs 10.2 billion securitisation facility with HDFC Bank

NHPC Limited has inked a pact with HDFC bank to securitise return on equity (RoE) of its 540-MW Chamera-I Power Plant in Himachal Pradesh.

NHPC has signed the facility agreement for a tenure of 10 years. The monetisation deal has been closed at a discounting factor of 5.24 per cent per annum linked with three-month T-bills which has fetched present value of Rs 10.16 billion against the future cash flow of 10 years for Chamera- I Power Station. Notably, in December 2021, NHPC’s board had approved the proposal for monetisation by securitisation through bidding process of RoE of the power station.


Enter your email address

Share your work e-mail and access a free 3 month digital subscription to Power Line Magazine