Power Finance Corporation inks MoU with NBPCL to fund projects worth Rs 22,000 crore for 225 MW hydro-electric projects & Multipurpose projects in Madhya Pradesh

Power Finance Corporation inks MoU with NBPCL to fund projects worth Rs 22,000 crore for 225 MW hydro-electric projects & Multipurpose projects in Madhya Pradesh

• The Power Finance Corporation (PFC), a central PSU under Ministry of Power and India’s leading NBFC has 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 Madhya Pradesh.
• The funds will be used for setting up hydroelectric projects of 225 MW and power components of 12 major multipurpose projects in the state.
• Some of the major multipurpose projects to 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.

Source: PIB