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Interest During Construction |
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Interest during construction Interest During Construction In project finance, the interest that accumulates on a loan that finances the construction of a building or development. The IDC is a cost for the project, though it is not always calculated as such. The IDC is calculated until the project begins to generate revenue, when the company financing the project begins to service its debts. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The Southern California Public Power Authority, a joint-powers agency of which the six cities are members, funded about $314 million worth of bonds over 30 years to construct the facility, pay for the interest during construction, operate and maintain it. 88% ownership interest in a new 750 mw super-critical pulverized coal-fired generating facility (Trimble County Unit 2) and interest during construction. The cost of the new generating facility, including interest during construction, financing and legal expenses, and improvements to existing generating units at the site, is estimated at $925 million. |
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