by Nick Flitterman

Portland Advisers has been appointed as financial adviser to the US Export-Import Bank in connection with its support for the financing of the 4,000 MW US$ 4.7bn Sasan Ultra Mega Power Project in Madhya Pradesh, India being sponsored by Reliance Power Limited.

Sasan UMPP is an integrated power and coal-mining project covering the open-cast mining of coal from a dedicated coal block using mining equipment from Bucyrus, Inc of Winsconsin, USA and power generation in 6 x 660 MW super-critical units supplied by Shanghei Electric Corporation of China.

US Ex-Im Bank is the official export credit agency of the United States of America. Reliance Power is a major developer, owner and operator of private power projects in India. It is part of the ADA Reliance Group, one of India’s largest business groups.

For further information, contact Portland’s Head of Energy at geoff.knox@portlandadvisers.com

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