Nikachhu strikes INR 3.53B deal with Indian Banks

The project is financed on a 65:35 debt to equity ratio with ADB financing USD 120M

Hydropower: With the signing of 12 agreements, a financial deal of INR 3.53B for the 118 MW Nikachhu Hydropower project was struck between the Tangsibji Hydro Energy Limited (THyE) in Trongsa, a special purpose vehicle to implement the project, and a consortium of Indian Banks last evening.

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