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PFC sanctioned Rs. 11,338.53 crore loan to Neyveli Uttar Pradesh Power Limited
PFC sanctions a term loan of Rs. 11,338.53 crore to Neyveli Uttar Pradesh Power Limited for a 3x660 MW Coal-based Thermal Power Project in Ghatampur, Kanpur, and captive coal mine development, boosting energy supply to meet Uttar Pradesh's growing power needs.
Power Finance Corporation Ltd (PFC) has sanctioned a term loan of Rs. 11,338.53 crore to Neyveli Uttar Pradesh Power Limited (NUPPL) for the 3x660 MW Coal-based Thermal Power Project in Ghatampur, Kanpur, along with the development of the captive Pachwara South Coal Mine.
This JV between NLC India Ltd and UPRVUNL will generate around 13,969 million units of energy annually, supporting UP’s growing power demand.
The loan agreement was signed in the presence of Shri H K Das, ED (Projects - CSP), Shri Nitin Kumar, GM & HOU (Projects - CSP), PFC, and Shri Ashok Kumar Mali, CFO, NUPPL.
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