US ExIm to fund India power plants

(Domain-B.com, Mumbai, 15 May 2008) Power Finance Corporation Limited (PFC) will get an $800 million credit facility from the Export Import Bank of the US (US Exim) for financing projects for integrated development of Indian power and associated sectors. The use of special delegated line of credit under this facility will be subject to the approval of Reserve Bank of India and it will not require any guarantee from the Government of India.