Hyderabad, March 15 (IANS) The Power Finance Corporation (PFC) has come forward to extend Rs.15,000 crore loan for thermal power projects coming up in Telangana.
A memorandum of understanding (MoU) to this effect was signed on Sunday by the officials of PFC and Telangana State Generation Corporation (TS Genco) in the presence of Chief Minister K. Chandrasekhar Rao here.
These funds will be spent for 1,080 megawatt (MW) Bhadradi plant coming up in Manuguru in Khammam district and 4,400 MW plant at Damaracherla in Nalgonda district.
On a request by the chief minister, the PFC agreed to bring down the rate of interest on this loan from 12 percent to 11.5 percent. This will save Rs.300 crore for TS Genco, said a statement from the chief minister's office.
The MoU was signed by PFC chairman and managing director M. K. Goel and TS Genco chaiman and managing director D. Prabhakar Rao.
Meanwhile, Union Environment Minister Prakash Javadekar told reporters here on Sunday that the TS Genco's 4,400 MW project at Damaracherla will be cleared on March 17. He said the forest appraisal committee would give the clearance at its meeting in the national capital.
The minister said the ministry has allowed diversion of 4,000 hectares of degraded forest land for the project. The state government, in exchange for the forest land, has allotted 4,000 hectares of green land at another place, which will be developed as a green forest.
Javadekar said the process for clearance of the project was completed in a record time of one month since Telangana chief minister met him in Delhi.
Stating that the environment ministry has cleared 10 projects for Telangana including four projects of Singareni Collieries Company Limited (SCCL) which were pending for last four years, he said the central government was committed to speedy development of both the states of Telangana and Andhra Pradesh.
The three-match ODI series between India and Australia is starting on Friday, 22 September. Both
Xiaomi Redmi K40 series to be launched today, know what will be the price and specification
The two phones of the Xiaomi K40 series are going to be launched in China today i.e. February 25.
According to the plan the government is planning to introduce Metro service after the coron virus
Team India will play ODI and T20 series against West Indies, two matches will be played in America
Cricket West Indies (CWI) has confirmed that India will play a few T20 Internationals in the US.
Oscar Awards: Kajol and Suriya will become members of the Oscar committee! Academy sent invite
Academy Awards are awaited in many countries of the world including India. In such a situation, n
Viksit Bharat @ 2047: Prime Minister Narendra Modi virtually addressed the 'Viksit Bharat @ 2047
The teaser of South's Rebel Star Prabhas' most awaited film 'Salar Part-1 Ceasefire' was released
Why are India and Pakistan active together in Afghanistan?
The stir among Asian countries regarding Afghanistan has increased once again.
The Pakistan Cricket Board (PCB) on Friday announced separate central contracts for Tests and lim
Follow the principle of 'all religions are one': Haryana governor
Gurgaon, March 24 (IANS) Haryana Governor Kaptan Singh Solanki on Tuesday asked people to follo
