Rs 225 crore NHPC loan not yet refunded, says Arunachal CM

Arunachal Pradesh Chief Minister Nabam Tuki today disclosed that the Rs 225 crore loan taken by the state government from NHPC to revive the sick Cooperative Apex Bank during June 2007 is yet to be refunded.
Responding to a question raised by BJP member Japu Deru during question hour, the chief minister informed that the amount was taken on 9 per cent simple interest and the total amount would be adjusted from the free power that would be available to the state government from various projects executed by the power giant in the state.
He said, out of the total amount, Rs 180 crore was paid as equity and another 20 crore as soft loan by the bank. Moreover, the bank also refunded an amount of 20 crore along with accrued interest of Rs 56.12 lakh to the state government, he added.

When Deru sought a clarification from the government on action initiated against the bank officials responsible for the collapse of the bank, the chief minister assured to reveal the names of the persons involved and action taken by the government in the forthcoming Budget session of the assembly slated in March next.