Power Finance Corporation to provide Rs 4,528 cr loan for DVC project in West Bengal

State-owned Power Finance Corporation (PFC) has entered into a pact with Damodar Valley Corporation (DVC) as part of which it will provide Rs 4,527.68 crore loan to set up a 1,320 MW project at Raghunathpur in West Bengal. The Raghunathpur Phase-II project — a collaborative effort between PFC and DVC — will contribute significantly to the power generation capacity in West Bengal, a PFC statement said on Friday.

With a combined capacity of 1,320 MW, the project marks a key milestone in the region’s energy landscape, it said.

“PFC and DVC have successfully executed a loan agreement amounting to Rs 4,527.68 crore. This amount is earmarked for the realisation of the ambitious 2×660 MW Raghunathpur Phase-II project,” the statement said.