Exim Bank EXTends Buyer’s Credit of USD 110 mn

Export-Import Bank of India [Exim Bank] has extended a Buyer’s Credit under National Export Insurance Account [BC-NEIA] of USD 110 mn to the Government of Islamic Republic of Mauritania for financing the contract for design, supply and assembly of 225/90 kV transmission lines from Nouakchott to Nouadhibou, to be executed by Kalpataru Power Transmission Ltd., India. The BC-NEIA Agreement to this effect was signed in Nouakchott, Mauritania, on October 04, 2017, by H.E. Mr. El Moctar OULD DJAY, the Minister of Finance, Government of the Islamic Republic of Mauritania and Ms. Harsha Bangari, Chief General Manager, on behalf of Exim Bank.