NHPC to raise Rs 2,000-cr debt

The country’s largest hydropower generator, NHPC, will raise Rs 2,000 crore debt in the next five months by issuing bonds and term loans in the domestic market, reports Our Bureau from New Delhi. NHPC would raise the debt at a rate of 10-10.5%, Chairman & Managing Director ABL Srivastava said. The debt was required to fund the company’s plans to add 678 mw in the current financial year. NHPC is executing 10 projects with a total capacity of 4,502 mw, Srivastava said. The projects would be financed through internal resources, subordinate debt and market borrowings.