New Delhi: State-owned Energy Finance Company (PFC) on Friday introduced that it has inked a pact with Damodar Valley Company (DVC) as a part of which it is going to present a ₹4,527.68-crore mortgage to arrange a 1,320-MW venture at Raghunathpur in West Bengal.
“Energy Finance Company (PFC) and Damodar Valley Company (DVC) have efficiently executed a mortgage settlement amounting to ₹4,527.68 crore. This settlement is earmarked for the conclusion of the formidable 2 x 660 MW Raghunathpur Part II venture, situated in West Bengal,” the corporate stated in an announcement.
The Raghunathpur Part II venture, a collaborative endeavour between PFC and DVC, is poised to contribute considerably to the augmentation of energy technology capability in West Bengal.
With a mixed capability of 1,320 MW, the venture marks a key milestone within the area’s vitality panorama, it added.
This strategic partnership between PFC and DVC underlines their collective dedication to foster sustainable improvement and strengthen the facility sector.
PFC is the nation’s largest non-banking monetary firm centered on offering monetary options throughout the worth chain in technology, transmission, and distribution of electrical energy.
DVC is a public sector enterprise engaged in energy technology and transmission, catering to the vitality wants of the japanese area of the nation.
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Up to date: 25 Aug 2023, 07:06 PM IST
Supply: Live Mint