Power Finance Corporation Ltd (PFC) in consortium with Rural Electrification Corporation (REC) and State Bank of India (SBI) will provide ₹ 11,067-crore financial assistance to Neyveli Uttar Pradesh Power Ltd (NUPPL).
A PFC statement said that the consortium has bagged the Letter of Award (LoA) after an e-tendering process to fund for the 3×660 MW (1980 MW) coal-based thermal power station. The project is being executed by NUPPL in Ghatampur tehsil, Kanpur Nagar, Uttar Pradesh.
NUPPL is a joint venture company of NLC India Ltd (NLC) and Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd (UPRVUNL) for supply of power to Uttar Pradesh. With a proposed capacity of 3×660 MW, Ghatampur coal-based thermal power station is being developed at an estimated project cost of ₹ 17,237.80 crore to be funded in debt-equity ratio of 70:30. Read More…
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