NHPC pact with PFC for funding hydel projects

Our Bureau Updated - August 24, 2021 at 07:20 PM.

PFC will also provide financial assistance for the acquisition of stressed projects

GERUKAMUKH, 01/07/2010: A File Photo of - Construction work of the dam in Subansiri River at the NHPC’s 2,000 MW Subansiri Lower project in Arunachal Pradesh. The present investigations carried out to examine the downstream impact of the Lower Subonsiri Hydroelectric dam project reveal gross inadequacy in the relevant facts relating to construction of the dam at the present site by the concerned authorities. The selected site for the mega dam of the present dimension was not appropriate in such a geologically and seismologically sensitive location. The total cost for the project is estimated about 7000 crores, which will be the biggest Hydro Electric Power project in India and in entire South East Asia. Photo: Ritu Raj Konwar

Power Finance Corporation (PFC) has signed a pact with NHPC Ltd to provide funds for the development of hydro projects.

It will also provide financial assistance for the acquisition of stressed projects, PFC said in a release.

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The pact will further boost the long-standing association between PFC and NHPC and will herald a transformational opportunity between the two organisations. The association will also serve to facilitate knowledge and technology transfer, contributing to sustainable development initiatives in the country, the release added.

NHPC, a mini-ratna central public sector enterprise or CPSE, is engaged in development of hydropower in India and has also expanded into solar wind power. It also provides consultancy services to hydro power and renewable energy projects.

Published on August 24, 2021 13:50
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