+
PFC joins DVC with loan pact for 1,320 MW Raghunathpur Project
POWER & RENEWABLE ENERGY

PFC joins DVC with loan pact for 1,320 MW Raghunathpur Project

The State-owned Power Finance Corporation (PFC) and Damodar Valley Corporation (DVC) have joined forces in an agreement, wherein PFC will extend a loan of Rs 45.27 billion to facilitate the establishment of a 1,320 MW project in Raghunathpur, West Bengal. This collaborative initiative, known as the Raghunathpur Phase-II project, is set to significantly enhance West Bengal's power generation capacity, as highlighted in a statement by PFC.

This project's collective power generation capacity of 1,320 MW marks a pivotal advancement in the energy landscape of the region, as emphasised in the statement. PFC and DVC have effectively formalised a loan arrangement totalling Rs 45.27 billion, specifically designated to materialise the ambitious Raghunathpur Phase-II project, featuring two 660 MW units, as detailed in the statement.

Throughout the project's progression, PFC and DVC remain fully committed to ensuring its successful execution, adhering unwaveringly to the highest standards of efficiency, innovation, and environmental stewardship, according to the statement.

PFC stands as the nation's foremost non-banking financial entity, concentrating on delivering financial solutions across the entire electricity generation, transmission, and distribution spectrum. DVC operates as a public sector enterprise dedicated to power generation and transmission, catering to the energy demands of the eastern region within the country.

The State-owned Power Finance Corporation (PFC) and Damodar Valley Corporation (DVC) have joined forces in an agreement, wherein PFC will extend a loan of Rs 45.27 billion to facilitate the establishment of a 1,320 MW project in Raghunathpur, West Bengal. This collaborative initiative, known as the Raghunathpur Phase-II project, is set to significantly enhance West Bengal's power generation capacity, as highlighted in a statement by PFC. This project's collective power generation capacity of 1,320 MW marks a pivotal advancement in the energy landscape of the region, as emphasised in the statement. PFC and DVC have effectively formalised a loan arrangement totalling Rs 45.27 billion, specifically designated to materialise the ambitious Raghunathpur Phase-II project, featuring two 660 MW units, as detailed in the statement. Throughout the project's progression, PFC and DVC remain fully committed to ensuring its successful execution, adhering unwaveringly to the highest standards of efficiency, innovation, and environmental stewardship, according to the statement. PFC stands as the nation's foremost non-banking financial entity, concentrating on delivering financial solutions across the entire electricity generation, transmission, and distribution spectrum. DVC operates as a public sector enterprise dedicated to power generation and transmission, catering to the energy demands of the eastern region within the country.

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?