(a) whether the Government of Canada have evinced interest in electricity generation
projects in India;
(b) if so, the names of projects in which Canadian Government have shown interest;
and
(c) the response of the Government in this regard?
(a) whether the Government of Canada have evinced interest in electricity generation
projects in India;
(b) if so, the names of projects in which Canadian Government have shown interest;
and
(c) the response of the Government in this regard?
THE MINISTER OF STATE IN THE MINISTRY OF POWER ( SHRIMATI JAYAWANTI MEHTA )
(a) to (c) : Chamera Hydro Electric Project (Stage-I) in Himachal Pradesh has been
constructed with financial assistance from Canada and Chamera Hydro Electric Project (Stage-II) is being constructed with part financing, as loan, from Canada. The National
Hydro-electric Power Corporation (NHPC) is availing a loan amount $ 175 million for
Chamera-II H.E. Project.
The Power Finance Corporation (PFC) has signed an agreement with the
Export Development Corporation (EDC) of Canada on June 6, 2001 for a Line of Credit
Facility of upto US$ 75 million. The Line of Credit is a tied credit intended for
on-lending by PFC to finance the purchase of goods and/or services by various State
Electricity Boards and PFC`s other qualified borrowers from various Canadian Exporters
and can be utilized for financing upto 85% of such import components.