Power Finance Corp to Aid West Bengal’s First Super Critical Project by Providing Rs 2703 Crore
State-run Power Finance Corp. Ltd on Tuesday said that it has authorized money related help of Rs.2,703 crore for West Bengal’s first super critical thermal power project in Murshidabad locale.
“PFC, a non-saving money monetary organization (NBFC) in influence segment, has authorized a term advance of Rs.2,703.88 crore to West Bengal Power Development Corporation Ltd (WBPDCL) for development of Unit 5 (1 X 660 MW) under stage III of Sagardighi thermal power station in Murshidabad,” the organization said in explanation.
As indicated by the announcement, WBPDCL is an organization claimed by the West Bengal government for era and supply of electric power in the state. The 660 megawatt (MW) Sagardighi Unit 5 is the principal super thermal power plant being produced by WBPDCL in the state, which is relied upon to be appointed by October 2020 at an expected cost of Rs.3,862.69 crore.
It will create roughly 4,209 million units of vitality to meet the future power prerequisite of West Bengal.
The venture is proposed to be subsidized in the obligation value proportion of 70:30 and the whole obligation is proposed to be financed by PFC, it said.
The advance understanding was marked amongst PFC and WBPDCL authorities on Monday in Kolkata. State government authorities and utilities and senior administration of PFC were additionally present amid the consenting to of the arrangement, it included.
PFC has a long standing association with WBPDCL and has endorsed advances worth Rs.8,290 crore for different existing units of Kolaghat, Sagardighi, Santaldih and Bakreswar thermal power ventures.
