Hyderabad: The Power Finance Corporation (PFC) agreed to lend Rs 18,500 crores to Kaleshwaram project and Rs 12,500 crores to Palamuru-Ranga Reddy lift irrigation projects.
Negotiations of State officials with the chairman of the Power Finance Corporation in Delhi are succesful. State advisor Rajiv Sharma, General Secretary of the state SK Joshi, TS-GENCO CMD Prabhakarao dicussed with PFC Officials.
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The PFFC said it would soon release funds for the Kaleshwaram project. The corporation also agreed to lend Rs. 18,000 crores to Palamuru-Ranga Reddy Iift irrigation Project.
The PFC has already lent Rs 40,000 crore to the ongoing energy and irrigation projects of the Telangana government.
