Renewables to balance out Sasan for US Ex-Im

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01 July 2010

US Ex-Im has reconsidered the rejection of Reliance Power’s loan application for the Sasan coal power plant project in light of information on additional renewables projects.

Following an initial rejection by the board of the Export-Import Bank of the United States (US Ex-Im) of an application by Reliance Power for a $560 million loan for its Sasan coal-fired power project and mine, the board will now reconsider its vote.

It is thought that the rejection stemmed from the potential extent of the carbon footprint of the plant. However, US Ex-Im's...

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