(a) whether the Rural Electrification Corporation Limited proposes to raise
funds from international market through bonds and borrowings during the year
2009-10;
(b) if so, the details thereof;
(c) whether any assessment of the ill effects of such financial arrangement
has been made in this regard; and
(d) if so, the details thereof?
THE MINISTER OF STATE IN THE MINISTRY OF POWER ( SHRI BHARATSINH SOLANKI )
(a) & (b) : Rural Electrification Corporation Ltd. has the approval of the
Reserve Bank of India for raising funds from the international market upto US$
500 million (External Commercial Borrowings) during the fiscal 2009-10. Rural
Electrification Corporation will be raising funds subject to prevailing market
conditions at the time of raising of the same.
(c) & (d) : Presently no ill effects are being anticipated.