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₹2,703-cr PFC loan for Bengal power project

Our Bureau New Delhi | Updated on January 13, 2018 Published on March 08, 2017

Power Finance Corporation Limited (PFC) has sanctioned a term loan of ₹2,703.88 crore to West Bengal Power Development Corporation Limited (WBPDCL).

The loan has been sanctioned for the construction of Unit-5 (1X660MW) under Phase-III of Sagardighi Thermal Power Station in Murshidabad District of West Bengal.

According to a statement from PFC, the 660 MW, Sagardighi Unit 5 is the first super critical thermal power plant being developed in West Bengal by WBPDCL.

It is expected to be commissioned by October 2020 at an estimated project cost of ₹3,862.69 crore. It will generate approximately 4,209 million units.

The project is proposed to be funded in the debt equity ratio of 70:30 and the entire debt is proposed to be funded by PFC. It had sanctioned loans worth ₹8,290 crore in the past.

Published on March 08, 2017
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