POWER FINANCE CORP. EXTENDS FINANCIAL ASSISTANCE TO STATE POWER UTILITIES OF UTTARAKHAND

Power Finance Corporation Ltd (PFC)has extended financial assistance of Rs. 1329 crore  to State Power Utilities of Uttarakhand – Rs. 309 crore to Uttaranchal JalVidyut Nigam Ltd.(UJVNL) for RM&U of Chilla Hydroelectric Project, andRs. 1020 crore to Power Transmission Corporation of Uttarakhand (PTCUL)for implementation of  various transmission schemes.

In a Loan Documentation event organized recently in Dehradun, the loan documents for Chilla HEP and MOU for execution of Loan Documents for Rs. 817 crore were executed between PFC and Power utilities of Uttarakhand viz. UJVNL and PTCUL respectively, in presence of Smt. Radhika Jha, Secretary (Energy) and Chairperson, UJVNL&PTCUL, Shri. Rajeev Sharma, CMD, PFC and other senior officials from both sides. PTCUL had earlier executed loan documents for financial assistance amounting to Rs.203 crore with PFC.