Power Finance Corp sanctions Rs 2,703 crore to WB super thermal project

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.

Research Desk

Next Post

Dow Polyurethanes to up capacity in India by 50%

Wed Mar 8 , 2017
Dow Polyurethanes (PU) business will expand its manufacturing base in India by 50 per cent, as it is foreseeing strong growth in the market. A part of the US-based chemicals major Dow Chemical, it will increase in the production capacity of its PU system house at Lote Parashuram, Ratnagiri, Maharashtra. […]


Blog Stats