PFC signs MoU with NBPCL to fund projects worth Rs 22,000 crore

Power Finance CorporationNSE -0.87 % on Tuesday said it 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 deployed by NBPCL for setting up hydroelectric projects of 225 MW and power components of 12 major multipurpose projects in Madhya Pradesh, the statement said.