Common Contracts
1 similar Financial Management Agreement contracts
Chapter - IIFinancial Management Agreement • September 29th, 2017
Under the financial arrangement agreed between the Government of India and the Government of Russian Federation in supplement (June 1998) to Inter Governmental Agreement (IGA) for funding of the KKNPP project, the Russian Government was to extend a State credit upto United States Dollar (USD) 2,600 million (` 10,972 crore10) for Units I and II. The State credit was given at an interest rate of 4 per cent per annum to cover 85 per cent of the cost of Russian scope of works including cost of nuclear fuel. The balance 15 per cent of cost of the Russian scope of work as well as the remaining Indian cost of the project was to be financed by NPCIL as equity.
