Exim Bank's Line of Credit of USD 34.54 million to the Government of the Republic of Niger

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... -Import Bank of India (Exim Bank) has entered into an Agreement dated September 12, 2013 with the Government of the Republic of Niger for making available to the latter, a Line of Credit (LOC) of USD 34.54 million (USD Thirty Four Million and Five Hundred and Forty Thousand) for financing solar electrification of 30 villages (USD 9.84 million) and for setting up of solar photo voltaic system of 5 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... LOC, the last date for opening of letters of credit and disbursement will be 48 months from the scheduled completion date of contract in the case of project exports and 72 months (September 11, 2019) from the execution date of the Credit Agreement in the case of supply contracts. 3. Shipments under the LOC will have to be declared on EDF/ SDF Forms as per instructions issued by the Reserve Bank .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 6. The Directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, (A. K. Pandey) Chief General Manager - Circular - Trade Notice - Public Notice - Instructions - Office or .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X