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.