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Samalkot achieves financial close

Monday, January 30th, 2012

Financial close has been reached on US Ex-Im Bank’s US$ 578 million loan to Samalkot Power Limited. Portland Advisers acted as financial advisor to US Ex-Im Bank.

The Ex-Im loan is part of the financing for the $2.5 billion 2,440MW Samalkot Power Project located in Andhra Pradesh, India, a combined cycle gas turbine plant 100% owned by Reliance Power Limited, part of the ADA Reliance Group.

For further information, contact Portland’s Head of Energy at geoff.knox@portlandadvisers.com