Power Finance Corporation (PFC) signs MoU with NBPCL
#GS2 #Governance #GS3 #Power #Infrastructure #Development
Power Finance Corporation (PFC), the central PSU under Ministry of Power and India's leading NBFC, today entered into an agreement with Narmada Basin Projects Company Ltd. (NBPCL).
- A wholly-owned company of Govt. of Madhya Pradesh, to fund projects worth Rs.22,000 crore for 225 MW hydro-electric projects & multipurpose projects in the State of Madhya Pradesh.
- The MoU will help PFC to actively partner with NBPCL and provide finance for hydro-electric plants totaling 225 MW along with power components of multipurpose projects as part of state government’s endeavor to implement twelve major multipurpose projects.
- Some of the major multipurpose projects that will be financed under the MoU are Basaniya Multipurpose Project Dindori, Chinki Boras Multipurpose Project Narsinghpur Raisen Hoshangabad, Sakkar Pench Link Narsinghpur Chhindwara, Dudhi Project Chhindwara Hoshangabad, etc.