State-run hydropower producer SJVN has signed a Memorandum of Understanding (MoU) with PFC for financial assistance to its various projects including majorly renewable energy projects and thermal generation project to be set up at a total cost of about INR 118,826 crore ($14,276 million).
The term loan financial assistance [by PFC] is tentatively proposed at 70% of the project cost, which may be increased for renewable energy projects as per project requirements, stated SJVN.
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