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.