Ghatampur power plant to get Rs 11,000 crore from PFC-led lenders

Ghatampur power plant to get Rs 11,000 crore from PFC-led lenders

A consortium led by Power Finance Corp (PFC) will provide a loan of Rs 11,067 crore to 1,980 MW thermal power plant at Ghatampur in Uttar Pradesh.

According to a PFC statement, “PFC, as a lead lender, in consortium with Rural Electrification Corp (REC) and State Bank of India (SBI) participated in e-tendering process for funding of debt of Rs 11,067 crore of 3×660 MW coal-based thermal power station being executed by Neyveli Uttar Pradesh Power Limited (NUPPL) in Ghatampur tehsil, Kanpur Nagar, Uttar Pradesh.”

Subsequently, the NUPPL has subsequently awarded letter of award to the consortium of the PFC, REC and SBI for providing financial assistance of Rs 11,067 crore for the project and the lenders have given their consent.

The NUPPL is a joint venture company of the NLC India Ltd (NLC) and Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd (UPRVUNL) for the supply of electric power in Uttar Pradesh. The NLC has an installed capacity of 4301 MW with thermal and wind power plants in Tamilnadu and Rajasthan.

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