CLP's Indian arm gets $810 mln loan for power plant

MUMBAI, Sept 17 (Reuters) - The Indian arm of Hong Kong's largest power utility, CLP Holdings Ltd (0002.HK), said on Thursday it received 39 billion rupees ($810 million) in loans to develop a 1,320 MW power project in north India.

The company received the loan from a consortium of 15 lenders, including Power Finance Corp (PWFC.BO), Rural Electrification Corp (RURL.BO) and Bank of India (BOI.BO), in a deal arranged by IDBI Bank (IDBI.BO).

The first unit of the proposed power plant in the northern state of Haryana is scheduled to be commissioned by December 2011, and the second unit by May 2012, CLP India said in a statement.

CLP India's portfolio covers renewable energy and coal-fired and gas-fired power generation, with total capacity of about 2,300 megawatts.

Parent CLP Holding has been looking to expand outside of its mature Hong Kong home market, and also plans to increase its investment in nuclear power. ($1=48.15 rupees) (Reporting by Pratish Narayanan)