Question
What can be the maximum tenor of takeout finance by
IIFCL, as a percentage of the economic life of the project?Solution
The tenor of the Takeout Amount with IIFCL should not exceed 85% of the economic life of the project. In case of PPP projects approved by PPPAC/EC/EI which have provision of compulsory buyback by the authority on termination, IIFCL can remain as sole lender after other lenders are paid out. In case of non- PPP Electricity generation projects having long term power purchase agreements with state utilities for majority of its capacity, IIFCL can remain as sole lender after other lenders are paid out; however, the tenor of IIFCL Takeout should not exceed 85% of the economic life of the project. In case of such non –PPP projects where IIFCL offers takeout of tenor longer than tenor of existing lenders, IIFCL‟s risks be covered by seeking guarantees from the holding company or any other form of recourse.
Identify the figure given in the option which when put in place of the question mark(?) will logically complete the series?
Select the figure from among the given options that can replace the question mark (?) in the following series.
- Select the option in which will complete the following figure.
Select the appropriate picture to come forward in the given series.
Select an appropriate figure from the four options that would complete the figure.
Select the option figure that will come next in the following figure series.
Select the figure that will come next in the following figure series.
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