Private power company CLP India today said it has tied up Rs 3,900 crore loan for its 1,320-Mw power project at Jhajjar in Haryana.

The Rs 3,900-crore fund has been raised through a consortium of banks, led by IDBI, and financial institutions like Power Finance Corp (PFC), Rural Electrification Corp (REC) and Infrastructure Development and Finance Corp (IDFC), a company statement said.

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Ninety per cent of the electricity generated through this power project would go to the state and the remaining 10 per cent can be sold in the open market.

Arrangements for a coal contract of 5.2 million tonnes per annum are also in place, the statement said.

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