Rural Electrification Corporation To Give 3,965.11 Cr To Polavaram Hydro Project


Rural Electrification Corporation To Give 3,965.11 Cr To Polavaram Hydro Project

Rural Electrification Corporation (REC) has sanctioned a loan assistance of Rs 3,965.11 crore to AP Power Generation Corporation Ltd (APGenco) towards Polavaram hydro-electric project (PFEP).

According to Principal Secretary to Energy Department K Vijayanand, the Central Electrification Authority (CEA) accorded Techno Economic Clearance to Polavaram hydro-electric project at an estimated cost of Rs 3,013.68 crore with a basic (levelised) tariff of Rs 3.17/kwh.

He also said the REC sanctioned a loan assistance of Rs 3,965.11 crore to APGenco for hydel project a few days ago. The total estimated cost of the project is Rs 5,338 crore (as per revised estimates). Read More…

Leave a Reply

Your email address will not be published.