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# Bengal

DVC collaboration with SBI

Damodar Valley Corporation has entered into a loan agreement amounting Rs 10,050.42 crores with State Bank of India on 11 September for implementation of 2x800MW Koderma Thermal Power Project (Phase-II), in Jharkhand.

Statesman News Service | Kolkata | September 13, 2024 9:39 am

DVC collaboration with SBI

(File Photo)

Damodar Valley Corporation has entered into a loan agreement amounting Rs 10,050.42 crores with State Bank of India on 11 September for implementation of 2x800MW Koderma Thermal Power Project (Phase-II), in Jharkhand. The total project cost of this 2×800 MW thermal power project stands at Rs 14357.74 cr.

The agreement ceremony took place at SBI Corporate Office, Mumbai in the presence of Arup Sarkar, Member (Finance), Joydeep Mukherjee, ED (Finance) & Shri Durgesh Maiti, CGM (Finance) from Damodar Valley Corporation, Ashwini Kumar Tewari, Managing Director (Corporate Banking & Subsidiaries) and others.

The loan agreement supports the financing requirements for the development of DVC’s 2×800 MW thermal power plant in Koderma, Jharkhand. This project, with a total capacity of 1600 MW, is a significant initiative aimed at boosting power generation capacity in the region.

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# Supplements

Of floods and other things man-made

Rainfall caused by a low-pressure system in the Bay of Bengal last week led to an increase in water levels at the Maithon and Panchet reservoirs. After DVC released water from these reservoirs, vast areas in West Midnapore, Hooghly, Howrah, Bankura, East Midnapore, East Burdwan and West Burdwan were flooded.