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PFC sanctions Rs. 2,891 crore to DVC projects

NEW DELHI: The Power Finance Corporation has sanctioned two major loans to the tune of Rs. 2,891 crore to the public sector, Damodar Valley Corporation, for executing two 500 MW projects in Jharkhand and West Bengal. PFC has approved a loan of Rs. 1,456 crore for setting up two units of 250 MW each at DVC's coal-based Mejia extension project and Rs. 1,435 crore for adding similar capacity at the Chandrapura extension project, company officials said.

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