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Loan Agreement Signed Between India & Germany for Pare Hydroelectric Plant Project

Posted on:22 Dec 2017 15:23:57
Loan Agreement Signed Between India & Germany for Pare Hydroelectric Plant Project
22 December 2017 Current Affairs: A loan agreement has been signed between India and Germany for providing additional funding of EUR 20 million for the Pare Hydroelectric Plant project under Indo-German Bilateral Development Cooperation.
The objective of the project is the generation of hydroelectric power for the socio-economic development of the North Eastern region.
The government of Germany signed a loan agreement with North Eastern Electric Power Corporation (NEEPCO) for providing EUR 80 million with the government of India’s guarantee for the Pare Hydroelectric Plant project.
A loan agreement has been signed between India and Germany for providing additional funding of EUR 20 million for the Pare Hydroelectric Plant project under Indo-German Bilateral Development Cooperation.
The objective of the project is the generation of hydroelectric power for the socio-economic development of the North Eastern region.
The government of Germany signed a loan agreement with North Eastern Electric Power Corporation (NEEPCO) for providing EUR 80 million with the government of India’s guarantee for the Pare Hydroelectric Plant project.

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