J P Gupta
New Delhi: Power Finance Corporation (PFC), the central PSU under the Ministry of Power has entered into an agreement with Narmada Basin Projects Company Ltd. (NBPCL) to fund projects worth Rs.22,000 crore for 225 MW hydro-electric projects and multipurpose projects in Madhya Pradesh.
The funds will be deployed by NBPCL for setting up hydroelectric projects of 225 MW and power components of 12 major multipurpose projects in Madhya Pradesh.
The MoU was signed on a virtual platform by PFC CMD Rajeev Sharma and NBPCL Managing Director I.C.P.Keshari. The Government of Madhya Pradesh has conducted the pre-feasibility study of these projects and has provided approval for their execution. The disbursal of the amount will be linked to the execution of the projects.
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 the state government’s endeavor to implement 12 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, and Dudhi Project Chhindwara Hoshangabad.
