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of <h1>Exim Bank India Grants $109.942M Credit to Congo for Katende Hydro Power Project; 75% Goods from India Required.</h1> The Export-Import Bank of India (Exim Bank) has entered into an agreement with the Government of the Democratic Republic of Congo, providing a Line of Credit (LOC) of USD 109.942 million to finance a power transmission and distribution project for the Katende Hydroelectricity project in Kasai Province. At least 75% of the contract's goods and services must be sourced from India, with the remainder procured externally. The credit agreement is effective from November 27, 2015, with specific timelines for letters of credit and disbursement. No agency commission is payable, but exporters can use their resources for commission payments.
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