MOU
PFC signs MoU with NBPCL
New Delhi: PFC signs MoU with NBPCL to fund projects worth ? 22,000 crore for 225 MW hydro-electric projects & Multipurpose projects in MP. Power Finance Corporation (PFC) today entered into an agreement with Narmada Basin Projects Company Ltd. (NBPCL), a wholly-owned company of Govt. of Madhya Pradesh, to fund projects worth Rs.22,000 crore for 225 MW hydro-electric projects & multipurpose projects in the State of Madhya Pradesh.
The funds will be deployed by NBPCL for setting up hydroelectric projects of 225 MW and power components of 12 major multipurpose projects in Madhya Pradesh.The MoU was signed on a virtual platform by Shri Rajeev Sharma, CMD, PFC and Shri I.C.P.Keshari, Managing Director, NBPCL.The Government of Madhya Pradesh has conducted the pre-feasibility study of these projects and has provided approval for their execution. The disbursal of the amount will be linked to the execution of the projects.
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