Damodar Valley Corporation has lined
up Power Finance Corporation to part-finance its Rs.4,000 crore 1,000 MW (2x500
MW) thermal power project at Raghunathpur in Purulia district in West Bengal as
part of its expansion programme during the XI Plan Period.
The company has recently received
in-principle approval from the Ministry of Environment & Forests (MoEF) for the
proposed project. The plant will be funded on a 70:30 debt-equity ratio wherein,
PFC has decided to extend a Rs.2,800 crore loan. The tenure of loan assistance
is 19 years and DVC will start repayment six months after the proposed plant is
commissioned. Balance funds requirement will be met from internal accruals.
Also See:
Investment plan of
DVC for the 11th Plan Period (20-Apr-07)