Q: Could you walk us through this development and http://www.iphonecaseno1.com/ what it means for the company?
A: Madhucon Projects Limited has set up a power plant through its subsidiary by name SEPL in Krishnapatnam, Nellore with the ultimate capacity of 1,920 Megawatt. It s in three phases. The Phase I of 300 megawatt construction is in full swing now and we hope to commission the plant by MarchApril 2011.
Phase II of the 300 megawatt saw financial closure and was completed by execution of documentation through the banks. State Bank of India is the lead bank and 13 more banks Samsung S4 Case are joining the consortium. With this development we are also stepping into Phase III of the 1,320 megawatt where we are also making all arrangements to get all the clearances and also to go ahead with the financial closure
Q: By when do you expect to approach banks and try and get a financial closure for phase three as well?
A: We intend to approach the bankers somewhere in November and I NFL iphone 5 Case think the process may take two months. By January we hope to complete the financial closure of Phase III of 1,320 megawatt.
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