The Export Import (Exim) Bank of India has extended a $35.26 million loan for the construction of a power transmission project in Senegal.
The bank signed a Buyer’s Credit Agreement with Senegal’s Ministry of Economy, Planning and Co-operation for the construction and installation of 225 kV overhead Transmission Line – which is being built by Mumbai-based Kalpataru Power Transmission – from Tanaff to Ziguinchor.
According to an official statement, the funding was provided under the National Export Insurance Account (NEIA) scheme, which provides a safe mode of financing option to Indian project exporters backed by cover from the NEIA Trust.
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Source: EnergyCapitalReport
