PFC to provide Rs 4,000 crore for 4 GW power plant in Telangana

03/10/17

State-run Power Finance Corp (PFC) has committed financial assistance of Rs 4,009 crore to Telangana for setting up a 4,000 MW thermal power plant in Nalgonda district.

PFC has sanctioned a term loan of Rs 4,009 crore to TSGENCO (Telangana Power Generation Corporation Ltd) for setting up 5X800 MW; coal based Yadadri Thermal Power Plant using super-critical technology in Nalgonda district of Telangana, a PFC statement said.

The Yadadri Thermal Power Plant will generate approximately 29,784 million units of energy to meet the future power requirement of Telangana.

The loan agreement for the project was executed between PFC and TSGENCO officials recently in Hyderabad in a ceremony attended by PFC chairman and managing director Rajeev Sharma, TSGENCO chairman and managing director D Prabhakar Rao and other officials.

PFC has a long standing relationship with Telangana with a cumulative sanction of Rs. 28,210 crore and disbursement of Rs 16,156 crore towards various projects in generation, transmission and distribution sector in Telangana.

Source-ET