With devaluation, repaying the money borrowed will be quite difficult.
Those are the words of FEA Chief Executive Officer Hasmukh Patel who said that they borrowed money from overseas to complete the Nadarivatu Hydro Project which they have to repay in US dollars and this definitely will affect their operations.
Patel confirmed there is no fuel surcharge at the moment.
Meanwhile, the foundation work for the 150 million US dollars Nadarivatu Hydro Project is expected to commence at the end of this month and FEA is anticipating the completion of the project by August 2011.
Repaying US loan will be hard: Hasmukh
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