Power Finance Corporation inked MoU with NBPCL to fund hydro-electric projects

Power Finance Corporation has entered into an agreement with Narmada Basin Projects Company Ltd (NBPCL), a wholly-owned company of government of Madhya Pradesh, to fund projects worth Rs 22,000 crore.

The funds will be used for setting up hydroelectric projects of 225 MW and power components of 12 major multipurpose projects in the state.

Some of the major multipurpose projects to be financed under the MoU are Basaniya Multipurpose Project Dindori, Chinki Boras Multipurpose Project Narsinghpur Raisen Hoshangabad, Sakkar Pench Link Narsinghpur Chhindwara, Dudhi Project Chhindwara Hoshangabad, etc.