The tenor of the Takeout Amount with IIFCL should not exceed 85% of the economic life of the project. In case of PPP projects approved by PPPAC/EC/EI which have provision of compulsory buyback by the authority on termination, IIFCL can remain as sole lender after other lenders are paid out. In case of non- PPP Electricity generation projects having long term power purchase agreements with state utilities for majority of its capacity, IIFCL can remain as sole lender after other lenders are paid out; however, the tenor of IIFCL Takeout should not exceed 85% of the economic life of the project. In case of such non –PPP projects where IIFCL offers takeout of tenor longer than tenor of existing lenders, IIFCL‟s risks be covered by seeking guarantees from the holding company or any other form of recourse.
What is one of the key features of the Supreme Court ruling on the PMLA regarding the arrest powers of the Enforcement Directorate?
Veer Bal Diwas was observed for the first time on?
The Reserve Bank of India (RBI) has revised investment norms for commercial banks, making it more rigid as it created a new category namely – fair val...
What is the estimated growth rate of India's real GDP for the fiscal year 2023-24, as per the first advance estimates released by the National Statistic...
"Thiruonam" is celebrated as the 10th and most auspicious day of which cultural festival in the state of Kerala?
Recently which of the following institution has started accepting electronic bank guarantees and digitalised all its existing bank guarantees?
Consider the following statements:
I. The Union Cabinet has approved the extension for the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY-Phas...
Which state became the last state to implement the one nation one ration card (ONORC) scheme?
Who was honored with the Lata Deenanath Mangeshkar award for their contributions to the nation?
The Prime Minister of India Shri Narendra Modi visited which state to unveil Shri Adi Shankaracharya Samadhi and the statue in_____?