Sasan Power repays USD 150 million to IIFCL
Sasan Power Limited, a subsidiary of Reliance Power, has repaid USD 150 million to India Infrastructure Finance (UK) Company Limited (IIFCL), improving its debt coverage metrics, liquidity, and credit rating.
Sasan Power operates the 3,960 MW ultra-mega power plant in Madhya Pradesh, the world’s largest integrated coal-based power plant.
It includes a 20 million tonne per annum captive coal mining capacity and supplies electricity to 14 distribution companies across seven states at a tariff of Rs 1.54 per unit.