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

FEMA - 82 - Dated:- 9-3-2015 - RBI//2014-15/492 A.P. (DIR Series) Circular No.82 March 09, 2015 To All Category - I Authorised Dealer Banks Madam / Sir, Export-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 mill .....

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including consultancy services of the value of at least 75 per cent of the contract price shall be supplied by the seller from India and the remaining 25 percent goods and services may be procured by the seller for the purpose of eligible contract from outside India. 2. The Credit Agreement under the LOC is effective from February 18, 2015. Under the 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 .....

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