PFC inks deal with DVC…
Power Finance Corp has signed a MoA with Damodar Valley Corp for funding its 1,000 mw Kodarma thermal power station, a pithead coal-based power project located near Benjhidih village in Jharkhand. The loan document was signed by DVC director (accounts) T K Gupta and PFC director M K Goel.
The estimated completion cost of the project is Rs 4,247 crore which is to be met through a Rs 1,298 crore equity and debt of Rs 2,949 crore. The equity portion would be met by DVC from its own resources/budgetary support. The entire debt is being funded by PFC.
