Neepco sends out $100m RFP for dollar debut

North Eastern Electric Power Corp is following in the footsteps of Oil India by preparing to make its debut in the dollar loan market — it has sent out a request for proposal to banks for a $100m loan.

  • 13 May 2013

The state-owned power supplier is giving lenders until May 27 to make their pitches for the 10 year deal, according to a banker. Neepco plans to use the proceeds to set up two thermal power plants in Tripura, he added.

This is the first time the company, which ...

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