AFFECTED FLOWOutflow (subsidised)
ANNOUNCED AS TEMPORARYNo
On 22 February 2013, the Government of India agreed to provide a loan of USD 41.60 million to the Government of the Union of Comoros for financing goods and services for the installation of a power project in Moroni, the capital of Comoros.
The credit is provided by the Export Import Bank of India (EXIM) and requires that at least 75% of the contract price for goods and services associated with the plant is sourced from India.
The credit agreement entered into force on 23 July 2013.
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