Reliance Power has tied up loans of $ 1.1 bn (over Rs 60bn) from three Chinese lenders for its upcoming 3,960 MW Sasan ultra mega power project in Madhya Pradesh.
Reports stated that the State Council of Government of China has granted the approval for Chinese banks to finance the Sasan project.
These loans would be provided by Bank of China, China Development Bank and The Export Import Bank of China, along with Standard Chartered Bank, says report.