PFC Consortium s Financial Assistance of Rs. 11067 Crore to NUPPLs Power Station

NEW DELHI: Power Finance Corporation Limited (PFC), participated in e-tendering process for funding of debt of Rs. 11067 crore of 3x660MW coals based thermal power station being executed by Neyveli Uttar Pradesh Power Limited (NUPPL) in UP. NUPPL has subsequently awarded LoA to the consortium of PFC, REC & SBI for providing financial assistance of Rs. 11067 crore for the above project and the lenders have given their consent. 

 

NUPPL is a JV company of NLC India limited (NLC) and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) for supply of electric power in the state of Uttar Pradesh, India. NLC has an installed capacity of 4301 MW with thermal and wind power plants in Tamilnadu and Rajasthan.

 

With a proposed capacity of 3x660 MW, Ghatampur coal based thermal power station  is expected to be commissioned by November 2021 .

 

The signing of the documents related to this loan arrangement took place at Puducherry on 31st December 2017 in the presence of Shri Susheel Kumar I.A.S., Secretary, Ministry of Coal, Shri Rajeev Sharma, CMD, Power Finance Corporation Ltd., Dr. Sarat Kumar Acharya, CMD, NLCIL & Chairman, NUPPL. Among others present were directors of NLCIL/NUPPL, CEO, CFO of NUPPL, senior officers of Consortium (Director (Finance), REC, Executive Director, PFC & CGM, SBI) and other delegates.