Power Finance Corporation (PFC), the central PSU under Ministry of Power has signed an MoU with Narmada Basin Projects Company Ltd. (NBPCL), a wholly-owned company of Govt. of Madhya Pradesh, to fund various power projects to be executed in the State of Madhya Pradesh. The funds of worth Rs 22,000 crore will be deployed by NBPCL for setting up hydroelectric projects of 225 MW along with power components of 12 other major multipurpose projects to be executed in Madhya Pradesh.
Some of the major multipurpose projects for which PFC has signed MoU with NBPCL includes Chinki Boras Multipurpose Project Narsinghpur Raisen Hoshangabad, Dudhi Project Chhindwara Hoshangabad, Basaniya Multipurpose Project Dindori, Sakkar Pench Link Narsinghpur Chhindwara etc.
Important takeaways for all competitive exams:
- Chairman & Managing Director of Power Finance Corporation: Rajeev Sharma.
- Managing Director of Narmada Basin Projects Company Ltd.: I.C.P. Keshari.
- Chief Minister of Madhya Pradesh: Shivraj Singh Chouhan; Governor: Lal Ji Tandon.