October 07, 2008

PFC approves USD 1.3 billion loan for Indira Gandhi STPP

It is reported that Power Finance Corporation has approved a loan of around USD 1.3 billion on January 24th 2008 for Aravali Power Company's 1,500 MW Indira Gandhi super thermal power plant at Jharli in Jhajjar district in Haryana.

The project is scheduled to become operational by October 2010.

Aravali Power is a JV firm between NTPC and the state governments of Delhi and Haryana. While NTPC holds 50% stake in Aravali Power, the state governments own 25% each in the venture.