Rs 52 Bn PFC loan for Jhajjar power project

Thursday, 24 January 2008, 08:00 Hrs
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New Delhi: Power Finance Corp (PFC) will provide a 51.80 billion loan for the proposed 1,500 MW Indira Gandhi super thermal power project in Jhajjar, Haryana, Aravali Power Company APCPL) said on Thursday.

The APCL signed a loan agreement with the PFC - the largest ever loan the nodal agency for power project financing has sanctioned so far.

The APCPL is a joint venture formed by the NTPC Ltd, Indraprasth Power Generation Company Ltd, and Haryana Power Generation Company Ltd to implement the power project.

"APCPL has acquired land for the project. It has also awarded contracts for boiler and turbine generator package supply to BHEL," the company said in a statement.

"The power generated from the project will be equally shared by the states of Delhi and Haryana," it said.
Source: IANS
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