Government of India has launched a Scheme for
implementation of Re-structured Accelerated Power
Development & Reforms Programme (R-APDRP) during the
XIth Five Year Plan as a Central Sector Scheme. Power
Finance Corporation Limited (PFC) would be the Nodal
Agency to operationalize the programme under the
guidance of the Ministry of Power.
Under Part-B of R-APDRP, the Company has been sanctioned
loan of Rs. 6.15 Crores (against the total project cost
of Rs. 24.62 Crores) by Power Finance Corporation Ltd.
for 6 projects which include
Bavla, Dehgam, Kalol,
Radhanpur, Sanand and Viramgam.
For the purpose, the
Memorandum of Agreement, Deed of Hypothecation and other
documents have been executed on 16-Sep-2010 for
implementation of the Projects.