PowerFinance Corp has said it has approved fnancial assistance of Rs 2,703 crore for West Bengal’s first super critical thermal power project.
In a statement, the company said, “PFC, a Non-Banking Financial Company (NBFC) in power sector, has sanctioned a term loan of Rs 2,703.88 crore to West Bengal Power Development Corporation Ltd (WBPDCL) for construction of Unit 5 (1 X 660 MW) under phase III of Sagardighi Thermal Power Station in Murshidabad.”
the company said in statement.
WBPDCL is a company owned by the West Bengal government for generation and supply of electric power in the state.
The 660 MW Sagardighi Unit 5 is the first super critical thermal power plant being developed by WBPDCL in the state, which is expected to be commissioned by October 2020 at an estimated cost of Rs 3,862.69 crore, the statement said.