04:05
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Power Finance Corporation (PFC) has agreed to fund the expansion of the AP Genco Krishnapatnam power project in Nellore district of Andhra Pradesh. The project now has a functional 800 MW unit and second unit of 800 MW is ready for commissioning.
The company has agreed to fund around Rs 3,542 crore for the expansion of Krishnapatnam unit with a capacity of 800 MW. The PFC also expressed its intent to provide around Rs 7,000 crore more for new transmission schemes of AP Transco in the next two to three years.
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Posted in: Indian Market Tips
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