New Delhi, Aug (EPC News): Monnet Power Company Ltd, an arm of Monnet Ispat & Energy Ltd, has signed a loan agreement of Rs3800 crore with Infrastructure Development Finance Company for its 1500 MW power project at Angul, Orissa, said a company release. The total cost of the project is approximately Rs5,000 crore and the funds raised in MPCL will be deployed in implementation of 1,050 MW Power Project at Angul, Orissa.
Monnet Power Company shall be putting up two turbines of 525 megawatts each, totaling upto 1,050. The two turbines will go into operation with the lag of three months in the second half of 2012. The company till date has invested around Rs500 crore in the project.
EPC News Bureau
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epcworld
| Posted on:8/24/2010 at 6:44 AM