RELIANCE POWER LTD. Of India was invited to reapply for guaranteed loans from the U.S. Export-Import Bank and Bucyrus International's hopes of orders for equipment worth approximately 600 million dollars were kept alive. The U.S. Export-Import Bank, which is funded by the U.S. Congress, initially denied the several million dollar loans to Reliance Power on the grounds that the loans would have been used to purchase mining equipment that, in turn, would have been used to feed a new coal-fired power plant that will create carbon dioxide emissions, The Wall Street Journal reported.
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