PFC SANCTIONS A TERM LOAN OF RS.4009 TO TSGENCO

Power Finance Corporation Limited (PFC) has sanctioned a term loan of Rs.4009 crore to TSGENCO for setting up 5X800 MW, Coal Based Yadadri TPP using super-critical technology in Nalgonda district of Telangana. Yadadri Thermal Power Plant will generate approx. 29,784 Million Units of energy to meet the future power requirement of Telangana.

The loan agreement for the project was executed between PFC and TSGENCO officials recently in Hyderabad in a ceremony attended by CMD, PFC Shri Rajeev Sharma, CMD, TSGENCO Shri D. Prabhakar Rao and other officials.

PFC has a long standing relationship with Telangana with a cumulative sanction of Rs.28,210crore and disbursement of Rs.16,156 crore towards various projects in Generation, Transmission and Distribution sector in Telangana.