PFC terms for loan to Sitammasagar project
The Hindu
The Power Finance Corporation (PFC) has stipulated conditions such as getting approvals and clearance for getting disbursement of loan beyond 60% of the sanction of ₹3,426.25 crore for Sitammasagar mu
The Power Finance Corporation (PFC) has stipulated conditions such as getting approvals and clearance for getting disbursement of loan beyond 60% of the sanction of ₹3,426.25 crore for Sitammasagar multi-purpose project across the Godavari in Bhadradri-Kothagudem district. Proposed 200 metres downstream of the Dummugudem anicut, the Sitammasagar project is aimed at irrigating the gap ayacut of Sita Rama lift irrigation scheme. The financing agency has recently modified certain conditions for the loan sanction and were approved by the State government on Friday. As per the modified conditions of the loan, the Telangana State Water Resources Infrastructure Development Corporation (TSWRIDCL), the borrowing agency, is required to comply with the conditions stipulated by PFC to get the disbursement of the loan beyond 60%.
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