Nava Bharat Ventures Ltd has announced that is step-down subsidiary Maamba Collieries Ltd (MCL) has achieved financial closure for its integrated coal and power project, estimated to cost $828 million. The project has already achieved 80 per cent of progress in all facets of implementation and is scheduled for commissioning by mid 2016.

The project is being funded on a debt equity ratio of 70:30. International lenders like development financial institutions from South Africa and large international commercial banks from Africa and China, have participated in this limited recourse project finance deal. It is the first project in Africa to have obtained insurance cover from China Export & Credit Insurance Corporation (SINOSURE), a release from Nava Bharat Ventures said.

This 300-mw power plant is fully integrated with captive coal mining, dedicated water supply system and an exclusive 330kV power transmission system. Maamba Collieries Ltd is promoted by Nava Bharat (Singapore) with 65 per cent equity stake with ZCCM-IH holding 35 per cent stake.


Print pagePDF pageEmail page

1 COMMENT

  1. […] Civil engineering companies present civil engineers an environment through which they may be employe…certainly one of the biggest employment companies in engineering sector. The infrastructural development of a country is largely dependent on these civil engineering companies, and in almost each nation of all over the world, these organizations accomplish tremendously in regards to setting up the infrastructural foundation of their place. Most of the top civil engineering companies produce a big level of revenue each individual calendar year for his or her routines. Civil engineering companies provide a range of will work obtainable to its employees. Some of the jobs of a civil engineer involve: sketching out a foundation design, outlining the foundation of construction , perform cost budgeting on constructional enhancements and maintenance, and also reconstructing present buildings. The task of the civil engineer inside a civil engineering organization is predominantly , to produce the layout of the buidling and to allow personnel to carry out the remainder of the job, operating determined by the civil engineer's layout. […]

LEAVE A REPLY

Please enter your comment!
Please enter your name here

*