SBI Sanctions Rs 10,050 Crore for 1600 MW Thermal Power Project in Jharkhand
The project involves the development of a 1600 MW (2×800 MW) thermal power plant in Koderma, Jharkhand, with a total cost of Rs 14,357.74 Crore.
State Bank of India (SBI), the largest lender in India, approved a loan of Rs 10,050 Crore to Damodar Valley Corporation (DVC) for an ultra-supercritical thermal power project.
The project involves the development of a 1600 MW (2×800 MW) thermal power plant in Koderma, Jharkhand, with a total cost of Rs 14,357.74 Crore.
This thermal power plant is part of the Ministry of Power’s initiative for capacity expansion by 2030.
The new plant is expected to boost power generation capacity in the region and support socio-economic growth. DVC already operates a 2×500 MW thermal power plant in Koderma, addressing local and regional energy needs.
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The loan was sanctioned by Ashwini Kumar Tewari, Gulshan Malik, Amitava Chatterjee, Arup Sarkar, Joydeep Mukerjee, and Durgesh Maiti from SBI and DVC. DVC, established in 1948 and operating under the Ministry of Power, covers a vast area of 24,235 sq km in West Bengal and Jharkhand.
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